R-Power places $8.29b order with Chinese co

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Shanghai Electric To Supply Equipment For 23,760 MW

RELIANCE Power has placed an $8.29-billion order with Shanghai Electric Corp for equipment to generate 23,760 MW, putting the Anil Ambani controlled firm on track to become a leading power producer and hoisting the supplier's shares to a two-and-ahalf-year high.

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http://epaper.timesofindia.com/Default/Scripting/ArticleWin.asp?From=Archive&Source=Page&Skin=ETNEW&BaseHref=ETD/2010/10/29&PageLabel=7&EntityId=Ar00700&ViewMode=HTML&GZ=T
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29/10/2010