Ravinder Singh has thanked TSPL team members as well as the local panchayat for their cordial support to complete the first milestone before schedule.
TSPL has been actively supporting and undertaking proactive measures for environment protection.
TSPL has decided to add one more unit of 660 MW under the Power Generation Policy 2010 of the State of Punjab, to enable it to sell 85% of the power generated as Merchant Power.
, a wholly owned subsidiary of Sterlite Energy Ltd (SEL; rated 'P1+(so) and P1' by CRISIL), is building a coal-based power plant with a capacity of 2640 megawatts (MW) in Talwandi Sabo (Punjab).
He said, acquisition of TSPL would be in favour of KIOCL as the company is looking for a presence in north Karnataka.
Presently, TSPL has 88 acres at Hospet, which can be gainfully utilised in case the mining lease for the Ramanadurga iron ore deposit is obtained by KIOCL, he said.
Ranganath said KIOCL was ready to pay wage arrears to the employees of TSPL from the day of the acquisition.
This is because CRISIL believes that following the commencement of operations at TSPL's beach sand mineral separation unit TSPL will not require support from TIPL.
CRISIL believes that TSPL will continue to benefit from the stabilisation of operations at its beach sand mineral separation unit.
With a specialized environment cell that monitors stipulated safeguards at the power plant, TSPL has a highly sophisticated infrastructure dedicated to minimize the environmental impact of its operations in the region.
TSPL set the Guinness World Record by planting 2 lakh saplings in a short span of one hour in Mansa District, Punjab.
The product further can form "gel" structure when combined with ingredients capable of forming H-bonding with TSPL