VIEWS: 49 PAGES: 3 CATEGORY: Business POSTED ON: 9/5/2012
NEW DELHI — Tata Power Co. 500400.BY -1.40% Thursday said it has renamed its solar-energy venture and appointed a new chief executive for the unit. Tata BP Solar India Ltd. will now be called Tata Power Solar Systems Ltd., the country’s largest private power company by capacity said in a statement. The utility had in December signed an agreement to buy BP PLC BP.LN -2.92% unit BP Alternative Energy Holdings’ 51% stake in the joint venture set up in 1989. Tata Power said it has appointed Ajay Goel as the chief executive of the solar company. Mr. Goel succeeds K. Subramanya, who had resigned in May. Tata Power Solar is engaged in the engineering and construction of solar-power projects. It also manufactures solar equipment.
Moreover, the CBI did not seek approval of the Central government in investigating charges against him as required by the Delhi Special Police Establishment Act which was enacted for the purpose of corruption cases. He reminded the court about a judgment of the Supreme Court which said that the trial courts need not consider the danger of accused tampering evidence if they were released after the charge-sheet was filed. The allegations against Acharya were in the nature of omissions and commissions which did not result in any pecuniary advantage to him, he added.
Pages to are hidden for
"B.P. Acharya seeks bail as time limit for probe ends, BP Holdings"Please download to view full document