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HC quashes Maharashtra order to acquire Tata Power’s land for Ayurvedic wellness project
High court quashing Maharashtra's land acquisition order removes regulatory risk for Tata Power.
Context
What happened: The Bombay High Court quashed Maharashtra government notifications and show-cause notices seeking to acquire 84 hectares of Tata Power land in Pune for a private Ayurvedic wellness project.
Key numbers: 84 hectares near Thokarwadi Dam; land serves Tata Power's 75-megawatt Bhivpuri Hydro Station and proposed 1,000-megawatt pumped storage project; project valued at Rs 1,500 crores.
Why it matters: Tata Power had argued the land was granted over a century ago for hydroelectricity and that the acquisition violated the 2013 land acquisition law to benefit a private company.
What changed
The Bombay High Court quashed Maharashtra government notifications and show-cause notices seeking to acquire 84 hectares of Tata Power land in Pune for a private Ayurvedic wellness project.
Why it matters
Tata Power had argued the land was granted over a century ago for hydroelectricity and that the acquisition violated the 2013 land acquisition law to benefit a private company.