Sources in the group said it was exploring the opportunities in Indonesia for acquiring coal blocks as well.
The stock tanked 18.67 per cent to Rs 270 on the BSE.
Heavy overnight rainfall caused widespread flooding in Kolkata, disrupting traffic, public transport, and daily life. Train and Metro services were suspended, and many areas experienced significant waterlogging.
The Army was deployed in Kolkata and its neighbouring districts on Saturday, hours after the West Bengal government sought its help for immediate restoration of essential infrastructure and services in the state.
Coal requirement for the plant would be met through Coal India.
Officials in the power department said industrial demand (which accounts for 40 per cent of the state's power consumption) didn't rise last year, contributing to surplus power.
The state needs great numbers of new-generation entrepreneurs.
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Conservation of energy dominated Ghosh's thoughts ever since he completed his Masters in Energy Science and Technology from Jadavpur University early 2000.
Shifting to a PPP model could repeat the errors of the past
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