Now Reading: Tejashwi claims Rs 11-lakh firm signed Rs 22,500-crore Bihar MoU
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Tejashwi claims Rs 11-lakh firm signed Rs 22,500-crore Bihar MoU
Leader of Opposition Tejashwi Yadav alleged on Friday that GRACE, the company that signed a Rs 22,500-crore MoU with the Bihar government on August 6, has a paid-up capital of just Rs…
The Story in Brief
Leader of Opposition Tejashwi Yadav alleged on Friday that GRACE, the company that signed a Rs 22,500-crore MoU with the Bihar government on August 6, has a paid-up capital of just Rs 11 lakh. The company was incorporated in February 2026, he said, questioning how it could invest in a nuclear power plant or research centre.
The RJD leader also asked why the government has not disclosed the status of over Rs 2 lakh crore worth of MoUs signed in 2024, 2025, and earlier. Chief Minister Samrat Choudhary had announced the MoUs, part of Rs 51,600 crore in pledges, as a push for clean energy. The government has not yet responded to the allegations.
The Indian Opinion
Tejashwi’s attack highlights a familiar Bihar cycle: grand MoUs with little follow-through. A newly-incorporated firm with thin capital may still be a special-purpose vehicle backed by larger investors, but the government has no record of tracking past pledges. Both sides are spinning: the Opposition uses optics of a 'paper company', while the ruling party offers no transparency on execution. The real test is whether GRACE files a concrete project plan with the Industries Department within a year. Until then, this is just another photo op.
Source: thehindu.com
This story was synthesised by AI from the source linked above.
