Mahindra Forgings, Mahindra Ugine in power supply deal with Wardha Power

MUMBAI: Mahindra Forgings has entered into a power delivery agreement with Wardha Power Co for 5MW for its Chakan plant at an investment of Rs 3.25 crore. Mahindra Ugine Steel Company also has entered into an agreement with Wardha Power for 35MW at its Khopoli plant for Rs 22.75 crore. Wardha Power expects supply to commence from Dec 2009. The agreement will be valid for 25 years. At 10:34 am, Mahindra Forgings shares were up 7.07 at Rs 219.50 and Mahindra Ugine shares were up 0.95 per cent at Rs 74 on BSE.