Trident To Set Up Captive Power Plant In Madhya Pradesh
2018-08-07 Announcements Power Western India
Trident Limited has informed that the board of directors of the company at its meeting approved to implement Captive Cogeneration Steam and Power Plant (Steam 2 X 150 TPH & Power 2 x 30 MW) generating facility for meeting its power and steam requirement for the Yarn, Terry Towel and Sheeting units at Budni, Madhya Pradesh. Further details are as under:
1 | Existing capacity | 49.4 MW (Punjab) |
2 | Existing capacity utilization | 71.24% |
3 | Proposed capacity addition | Captive Cogeneration Steam and Power Plant Steam = 2 X 150 TPH Power = 2 x 30 MW (Madhya Pradesh) |
4 | Period within which the proposed capacity is to be added | 30 Months |
5 | Investment required | INR 546 Crore |
6 | Mode of financing | External Borrowings - INR 381 Crore Internal Accruals - INR 165 Crore |
7 | Rationale | The proposed Cogeneration facility will reduce the dependence of the Company on external power, ensure uninterrupted 24x7 supply of regulated power & steam for its continuous running textile units at Budni, Madhya Pradesh and will also help in reducing power and steam costs thereby contributing in margin expansion by ~200 basis points. |