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Uttam Galva plans 60 MW power plant in Khopoli

Saturday, 14 Jun 2008
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Mumbai-based Uttam Galva Steels is planning to set up a 60 MW coal based power plant close to its steel plant at Khopoli in Raigarh district of Maharashtra.

The power plant will entail an investment of Rs.300 crore and will be funded through a mix of debt and equity, in the ratio of 2:1. The company has sought coal linkages from the Coal Ministry and the application is pending. Machinery for the project will be sourced from India and abroad.

The project is expected to be completed within 24 months from the date of commencement of work.

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