|
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. |
