Corporate Announcement
Security Code : 514211    Company : SUMEETINDS    
 
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  Exchange Disseminated Time     
Sumeet Industries Ltd has informed BSE that the Open Access facility which has been discontinued by Gujarat Energy Transmission Corporation Limited (GETCO) due to technical reason since March, 2014 has been opened w.e.f February 01, 2016 and now the Company has been sourcing power through Open Access. Sourcing of Power through open access facility is very cost effective and the Company will save now around Rs. 1.50 Crores per month and thereby add Rs. 18.00 Crores in its profit margin in next twelve months by saving in energy cost.
 

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