PMO orders probe into Mahagenco land acquisition irregularities
The PMO has directed the Maharashtra government to investigate allegations of irregularities in Mahagenco's ₹110 crore land acquisition for compensatory afforestation. The probe may affect investor sentiment in the energy sector due to increased regulatory scrutiny.
after close1 source ↓written by the desknot a recommendation
- land acquisition
- ₹110 crore
The Prime Minister's Office has instructed the Maharashtra government to investigate irregularities in the ₹110 crore land acquisition by Maharashtra State Power Generation Company Ltd for compensatory afforestation related to the Gare Palma Sector-II coal block. The complaint alleges insufficient verification of land valuation records and lack of historical title checks.
This scrutiny may impact Mahagenco's operations and investor sentiment in the energy sector as regulatory oversight increases.
Not investment advice. For informational purposes only.