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Sagar Cements To Invest Rs.28 Crore In Captive Power Project

Industry Power

Sagar Cements will be investing an additional Rs. 28 crore in the ongoing captive power production project and a new solar power plant in India. With this, the total investment in the plant under implementation will go up to about Rs. 98 crore. The board of directors had approved the recommendation of its investment committee to revise the capacity of the coal-based power plant under implementation at its Mattampally plant from 15 MW to 18 MW. It will be funded through borrowings and internal accruals. The project is expected to be commissioned by March 2019.

Extracted from HBL, Apr 12,’17

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