Elango Industries to set up 80mw coal power plant
It has considerably progressed to implement the power plant and expecting the financial closure before December, 2008.
The company has also 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.