JSW Energy up 4% on nod to raise capacity of Rajasthan Mine.

Shares of JSW Energy bounced back, up as much as 3.65 percent on getting environment clearance to increase annual mining capacity of Kapurdi lignite mines. 'Barmer Lignite Mining Company (BLMCL), a joint venture between Raj WestPower and Rajasthan State Mines and Minerals has received environmental clearance from Ministry of Environment, Forests & Climate Change (MoEFCC) to increase the mining capacity of its Kapurdi Lignite Mines from 3.75 MTPA to 7 MTPA for 4 years,' said the company in its filing to BSE. Raj WestPower (RWPL) is a wholly owned subsidiary of JSW Energy. In May 2006, Rajasthan government and RWPL had entered into an implementation agreement for lignite mining cum thermal power plants with associated facilities for 1,080 MW generation capacity. The power plants would be fired by lignite from Kapurdi and Jalipa mines.

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