GIL seeks land to set up captive thermal plant

July 25th, 2011 - 11:38 pm ICT by IANS  

Kolkata, July 25 (IANS) Graphite India Limited (GIL), part of K.K. Bangur Group, is looking for around 50 acres of land in West Bengal to set up a captive thermal plant.

The company had to shelve plans for setting up a power plant in Durgapur in West Bengal at an investment of Rs.214 crore due to lack of environmental clearance.

The company currently has an installed capacity of 33 MW of power generation. It is aiming at capacity enhancement to 83 MW with installation of a 50 MW thermal power plant.

“Unfortunately, we could not make progress at Durgapur as the environmental clearance could not be secured. The policy says within the municipal area of Durgapur, coal-based plant cannot be promoted. We are looking for 50 acres of land and this time, we are looking for alternatives,” chairman K.K. Bangur told reporters here Monday.

With coal linkage becoming a challenge, the company is looking gas as an option.

The company, which is into the manufacturing of graphite electrodes, impervious graphite equipment, pipes and tanks, has also undertaken capacity addition of 20,000 tonne in Durgapur by the end of 2011-12.

The company which produces 18,000 tonnes of graphite in Nurenberg (Germany) has also earmarked an investment of 20 million euro capital expenditure.

“It is under discussion. The capacity will be enhanced by 2,000-3,000 tonnes,” said Bangur.

Related Stories

Tags: , , , , , , , , , , , , , , , , , , ,

Posted in Business |