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India is one of the fastest growing large economies in the world today. In 2010, India's Gross Domestic Product (GDP) was US$4,060.00 billion on purchasing power parity ("PPP") basis, thereby making it the 4th largest economy after the United States, China and Japan.
According to the Planning Commission of India, there is consensus that infrastructure inadequacies, especially in Electricity generation could constitute a significant constraint in realizing India's development potential in the coming years.
Astarc group, armed with a visionary management and an extremely good track record of setting up industries in record time is committed to playing a significant role in powering India into a future that holds great promise for the country and its people. Astarc Power Private Limited (APPL), an Astarc Group company, aspires to be an exemplary company in the Power and Energy space delivering sustainable value to all stakeholders.
ASTARC Power Private Ltd. (APPL) is in the process of establishing a 1320 MW Coal Based Super Critical Thermal Power Project in Nagpur District of Maharashtra state. In March 2010, Energy Department of Government of Maharashtra has issued a "Letter of Support" to APPL for setting up 1320 MW Thermal Power Plant in the state of Maharashtra. The coal required for the power project will be secured through long term coal linkage of indigenous coal. All required statutory clearances for the project including permissions like water supply, rail linkage etc are in advanced stage of processing. The proposed site for power plant is well connected by rail and road.
APPL has already achieved important milestones as detailed below.
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