Ramky group now forays into hydroelectric power
Ramky Enviro Engineers, one of Ramky group's subsidiaries, has tied up with a Chhattisgarh-based private company to construct a hydro power plant on an engineering, procurement and construction (EPC) basis. In the Chhattisgarh hydropower project - the special purpose vehicle established to execute the project - Ramky Enviro owns 74 per cent and the balance is with the promoters of Ramky's joint venture partner. The project cost is estimated at Rs 300 crore and Ramky will invest Rs 210 crore.
Under this contract, the company will not be involved in power generation and distribution. The company expects to complete the project in two years and the plant will be operational immediately. Ramky plans to undertake more EPC projects in the thermal and hydro power sector.
Contact: Ramky Enviro Engineers Phone No. 040-4442 2222 Web: www.ramky.com