TPC may offer upto 49 per cent equity stake to Qatar Petroleum in its gas-based project at Kerala, to secure fuel supply for its power plant. “We have offered Qatar Petroleum less than 50 per cent stake in our Kayamkulam gas-based power station in Kerala,” NTPC CMD R S Sharma told reporters here. The current capacity of the Kayamkulam plant is 350 MW, which the company is planning to expand to 1,050 MW in the next two years and further expand it to 1,800 MW later. The company may form a special purpose vehicle (SPV) for the last stage (1,800 MW) expansion of the power project, in which it would offer stake to Qatar Petroleum. NTPC is keen to get Qatar in Kayamkulum project, as the Gulf-nation would help in return by bringing gas for the plant. With uncertainty over gas from Reliance Industries' KG Basin, the deal with Qatar Petroleum would give some stability to India's largest power producer. […]

Real estate firm DB Realty Ltd on Monday denied a newspaper report that it is selling a stake in a project in Mumbai. DNA had reported earlier that DB is in talks with private equity players to sell 20 percent stake in a redevelopment project in Bandra in western Mumbai, sending its shares up more than 6%. “The reports published in the media are not attributable to the company and are incorrect and cannot be relied upon,” it said in a statement to the National Stock Exchange. […]