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Lord Swraj Paul-owned Caparo Group today announced entry into the power generation business through a joint venture with Finland-based Wartsila at a project cost of Rs 115 crore. The joint venture firm, in which Caparo Group holds 51 per cent stake and Wartsila 19 per cent, will set up a 26 MW gas-based environment-friendly power plant at Bawal in Haryana. Natural gas being the cleanest of all fossil fuels helps reduce harmful emissions into the atmosphere compared to coal. The plant will cater to the captive energy requirements of the group s joint venture with Maruti Udyog as also several other ...