India Power to invest in Bihar.

India Power Corporation Ltd. (IPCL) will invest Rs. 33 crore towards beefing up infrastructure of power distribution in Gaya and Bodh Gaya. According to Hemant Kanoria, Chairman, the company has submitted an investment plan of "minimum Rs. 33 crore" to the Bihar Electricity Regulatory Commission (BERC). "We are awaiting a formal approval before we implement the capital expenditure program," he was quoted as per a release issued by the company. The focus, Kanoria maintained, is on industrial requirement for which distribution capacity is being scaled up.