Public CompanyBajaj Hindusthan to add 400 MW worth Rs 1,600 crore
Bajaj Hindusthan, the country"s leading sugar producer, has decided to take its power generation capacity to 830 MW by adding another 400 MW of newer capacities.
- Bajaj Hind EGM on Dec 16 for raising Rs 2,000 cr - Bajaj Hindusthan to raise Rs 2,000 cr - Balrampur, Bajaj Hind deal off - Bajaj Hind eyes 37% in Balrampur Chini - Govt moves to end cane price politics - Bidding for UP sugar mills put off until Nov
The power expansion project will cost Rs 1,600 crore and is likely to completed within 20 months. The decision in this regard was taken in the company"s board meeting held today.
As a part of the power expansion, the company will be setting up five new coal-based power plants of 80 MW capacity each at five locations on the land adjacent to its existing sugar factories. At present the company"s overall power capacity stands at 430 MW.
On the Bombay Stock Exchange, the company"s shares were trading at Rs 221.10, up 3.73 per cent at 1301 IST.