Tuesday, May 3, 2011

JK Tyre & Industries plans 1360 Mw power plant in UP

JK Organisation plans to set up a 1,360 MW power plant near Jhansi in Uttar Pradesh, on which it will make an initial investment of Rs 1,300 crore within two years.

JK Organisation will set up a new entity to run the power business, which it hopes to be one of the major contributors to its revenue.

In the first phase, the group will start a 660 MW plant within the next two year.

The company will form a special SPV in the coming days.  

Srikanth Nyshadham +91-98665-06729
Bookmark and Share