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| Exchange Disseminated Time | Elango Industries Ltd has informed BSE that the Company shifted its focus from Steel Industry to Power Generation and Distribution. In fact, in 2006 it commissioned a Gas based Power Plant at Mayiladuthurai Tamilnadu, through a SPV viz. Kaveri Gas Power Ltd. The Group Captive Plant completed 2 years of successful operation and declared dividend to their investors.
At the moment, the Company is planning to setup an 80MW coal based Power Plant at Gummudipoondi near Chennai, Tamilnadu. It has considerably progressed to implement the power plant and expecting the financial closure before December 2008. |
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