Reliance Power Limited, the flagship company of the Reliance Anil Dhirubhai Ambani Group (ADAG), plans to invest about Rs 2,500-3,000 crore (Rs 25-30 billion) over a period of three years, to develop three coal mines to fuel its Sasan Ultra Mega Power Project in Madhya Pradesh. Reliance Power currently has access to coal reserves of about one billion tonnes in India and abroad, including a coal mine in Indonesia, which it acquired recently.
In a double whammy, deposed Thail premier Yingluck Shinawatra was indicted by an anti-graft body over a disastrous rice subsidy scheme and will face impeachment that could see her banned from politics for five years, a day after a court dismissed her from office.
At least 36 people were injured on Friday when a blast hit an anti-government protest march in Bangkok demanding the ouster of Thai premier Yingluck Shinawatra, raising fears of violence in the run up to the February 2 snap polls.
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