Godawari Power to invest Rs.15.7 bn in Chhattisgarh

August 11th, 2008 - 9:07 pm ICT by IANS  

New Delhi, August 11 (IANS) Integrated steel manufacturer Godawari Power and Ispat Ltd announced Monday that it will invest Rs.15.7 billion ($373.8 million) for setting up manufacturing facilities in Chhattisgarh. In a filing with the Bombay Stock Exchange (BSE), the company said a memorandum of understanding (MoU) was signed with Chhattisgarh for setting up the facilities as part of its expansion programme.

A special purpose vehicle, Krishna Global Minerals Ltd, will be floated to set up a calcinisation plant, while the other projects will be implemented directly by the company.

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