Corporate Announcement
Press Release









The Managing Director of Elango Industries Ltd is pleased to announce that the company shifted its focus from Steel Industry to Power Generation and Distribution. In fact, in 2006 it commissioned a Gas based Power Plant at Mayiladuthurai Tamilnadu, through a SPV viz. Kaveri Gas Power Ltd. The Group Captive Plant completed 2 years of successful operation and declared dividend to their investors.


At the moment, Elango Industries Ltd is planning to setup an 80MW coal based Power Plant at Gummudipoondi near Chennai, Tamilnadu. It has considerably progressed to implement the power plant and expecting the financial closure before December 2008.


The Board of Directors in their meeting held on 21.06.2008, decided that the Book Closure will be from 24.07.2008 to 31.07.2008










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