Gati Infra commissions Chuzachen hydroelectric project
05/03/2013
Gati Infrastructure, a subsidiary of Amrit Jal Ventures (AJVL) commissioned
its Chuzachen hydroelectric project in East Sikkim district of Sikkim.
Gati Infra commissioned 110 MW hydro electric power plant located over Rangpo river and Rongli river in the state. It has also started production and selling of the power. The IPP (Independent Power Project) plant is directly connected to the Central Transmission Utility through a 24 km dedicated transmission line and will be able to deliver power across the country. Sikkim Power Development Corporation is the promoter of the project.
As a part, Sikkim Government had appointed Gati Infra to implement three hydel power projects viz, Chuzachen hydroelectric project, Bhasmey hydro electric project and Sada Mangdar project on BOOT basis in the state. Of this, it has commissioned the first 110 MW Chuzachen project. Another 54 MW Bhasmey hydro electric project is under construction. The project spread over 39.62 ha at Rangpo River in East Sikkim district is estimated to cost Rs 408.49. The Sada Mangdar project will be 71 MW capacity.
---------------------------------------------------------------------------------------------------------
Gati Infra commissioned 110 MW hydro electric power plant located over Rangpo river and Rongli river in the state. It has also started production and selling of the power. The IPP (Independent Power Project) plant is directly connected to the Central Transmission Utility through a 24 km dedicated transmission line and will be able to deliver power across the country. Sikkim Power Development Corporation is the promoter of the project.
As a part, Sikkim Government had appointed Gati Infra to implement three hydel power projects viz, Chuzachen hydroelectric project, Bhasmey hydro electric project and Sada Mangdar project on BOOT basis in the state. Of this, it has commissioned the first 110 MW Chuzachen project. Another 54 MW Bhasmey hydro electric project is under construction. The project spread over 39.62 ha at Rangpo River in East Sikkim district is estimated to cost Rs 408.49. The Sada Mangdar project will be 71 MW capacity.
---------------------------------------------------------------------------------------------------------
Gati inches up as Gati Infrastructure commissions hydro power project in Sikkim
Gati Infrastructure (GIL) is a subsidiary of Amrit Jal
Ventures (AJVL) promoted by Mr. Mahendra Agarwal, Founder and CEO of Gati. GIL
had entered into an agreement with the state government of Sikkim to implement
three hydro power projects on a build, operate, own and transfer (BOOT) basis.
The first project viz. 110 megawatts (MW) Chuzachen Hydro Project has been
commissioned and started producing and selling power, Gati said in a statement.
This is the first IPP (independent power project) in hydroelectric power sector
in Sikkim and the seven sisters of North East, the company said. The plant is
directly connected to the Central Transmission Utility (National Grid) through a
24 KM dedicated transmission line and will be able to deliver power across the
country, Gati said in a statement.
AJVL is implementing two more hydro electric power projects
in Sikkim, a 54 MW Bhasmey hydro electric project (under construction) and 71 MW
Sada Mangder project.
Commenting on the commissioning of the project, Mr.
Mahendra Agarwal, Founder and CEO, Gati said, "The commissioning of the hydro
power project is a big milestone in the history of the Gati Group. Being a
logistics expert, our success into the power sector - a completely diverse
industry, is a huge achievement. It was not easy at all. Team work and
dedication has helped us surpass all odds right from the technical glitches to
finances. It's a momentous occasion for all of us at Gati and we hope to
continue to build trust and value for our shareholders".
GIL is a power generation group promoted by Mr. Mahendra
Agarwal, Founder & CEO of Gati. GIL is one of the pioneers in the private
sector power generation being the third group in the country to successfully
commission a hydro power project.
Gati's consolidated net profit galloped 391.3% to Rs 5.06
crore on 2% growth in net sales to Rs 326.89 crore in Q2 December 2012 over Q2
December 2011.
Gati is one of the leading logistics companies in India. It
is a pioneer and leader in express distribution and supply chain solutions.
----------------------------------------------------------------------------------------------------------
| Gati Infrastructure Ltd commissions 110 MW
Hydro Electric Power Project in Sikkim | |
| Gati Infrastructure Limited had entered into an
agreement with the State Government of Sikkim to implement 3 hydro power
projects on a Build, Operate, Own and Transfer basis (BOOT). The first project -
110MW Chuzachen Hydro Project on Rangpo and Rongli rivers has been commissioned
and started producing and selling power. This is the first IPP (Independent Power Project) in hydroelectric power sector in the State of Sikkim and the 7 sisters of North East. The plant is directly connected to the Central Transmission Utility (National Grid) through a 24 km dedicated transmission line and will be able to deliver power across the country. Shares of Gati Ltd was last trading in BSE at Rs.29.40, up by Rs.0.75 or 2.62%. The stock hit an intraday high of Rs.29.95 and low of Rs.29. The total traded quantity was 0.56 lakhs compared to 2 week average of 0.40 lakhs. | |
| Source: Equity Bulls |
No comments:
Post a Comment