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Tata to increase power capacity
August Tata Group plans to invest Rs.140-150 crore to expand its power capacity, which will be used to increase supply to its cement plant in Mithapur, Gujarat. The company will expand capacity from 55 MW to 75 MW.
The cement plant has been witnessing a slump in production for some time. The investment in enhancing power capacity for the cement plant that uses low-cost feedstock, including locally available limestone and salt, also includes a long-term asset plan that will help guard against equipment failure.
Source: Financial Chronicle