Mumbai: The beleaguered Gujarat Mineral Development Corporation (GMDC), which has seen its scrip fall sharply in September, is facing the dark shadow of Lehman Brothers over its power project in Chattisgarh. GMDC has a joint venture with KSK Energy to set up a 1800 MW coal-based power project at Korba. Almost 30% of equity in the Hyderabadbased KSK is held by the fallen US financial giant.

Residents of around 25 villages recently stopped the public hearing for a proposed methane extraction project. The 500-odd people from Gharghonda tehsil in Raigarh, armed with the Centre for