Videocon to invest RS 150 bn rupees in West Bengal
The Videocon group plans to invest 150 billion rupees in West Bengal to set up a steel and a power plant, a top official said on Thursday.
By PTI |
KOLKATA: The Videocon group plans to invest 150 billion rupees in West Bengal to set up a steel and a power plant, a top official said on Thursday.
The steel plant will have an annual capacity of 3 million tonnes while the power plant will have a capacity of 1,200 megawatts per year, Chairman VN Dhoot said after signing the memorandum of understanding with the state government.
"The steel plant will produce value-added products to cater to the auto and ship-building industry," he said adding the investment would be made through a special purpose vehicle.
The steel plant will have an annual capacity of 3 million tonnes while the power plant will have a capacity of 1,200 megawatts per year, Chairman VN Dhoot said after signing the memorandum of understanding with the state government.
"The steel plant will produce value-added products to cater to the auto and ship-building industry," he said adding the investment would be made through a special purpose vehicle.
Start a SIP with as low as ₹500 with ET Money App!
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
