Monday, October 4, 2010

POML forays in hydro power generation, will invest Rs 160 cr

Vegetable oil maker Puri Oil Mills Ltd (POML) today announced its foray into the hydro power generation with an investment of Rs 160 crore.
"Among our five hydro power projects three production units are starting production in the end of this year and in recent future, we are planning to start some more projects of hydro electric power," POML Managing Director Vivek Puri said in a statement.
The company has earmarked an investment of Rs 160 crore for setting up five hydropower generating units with a total capacity of 25 mega watts.
POML said three out of the five power generating units would start productions by the end of current year.
Recently POML has inked a power purchase agreement with Haryana power purchase centre for the supply of electricity," the statement said.
As per the agreement, the company would supply the electricity from these units to Haryana.
Puri Oil Mills, is a flagship company of the Puri Group of Industries

Ref: http://news.in.msn.com/business/article.aspx?cp-documentid=4438868

PS:
Lets see from whome they would buy the equipment.

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