Steel Exchange India inaugurated its Simhadri Power Plant

Steel Exchange India inaugurated its Simhadri Power Plant
Steel Exchange India Limited (SEIL), one of the country’s high quality steel manufacturer, inaugurated a 60 MW thermal power plant with a capital investment of Rs.315 crore under Simhadri Power Limited, a special purpose vehicle (SPV) promoted by the company at Sreerampuram village in Vizianagaram District of Andhra Pradesh. The plant will cater SEIL’s power need to a large extent.
Simhadri Power Limited (SPL) will supply 51 per cent of the power generated for captive consumption by the units of the company as per the arrangement entered by the Company with SPL and the balance will be exported through merchant sale.
Commenting on the occasion, B. Satish Kumar, Managing Director, Steel Exchange India said, “We are extremely pleased to launch the captive power plant. With this the Company will have substantial savings in costs apart from assured supply of power.”

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Steel Exchange India inaugurated its Simhadri Power Plant

Steel Exchange India inaugurated its Simhadri Power Plant
Steel Exchange India Limited (SEIL), one of the country’s high quality steel manufacturer, inaugurated a 60 MW thermal power plant with a capital investment of Rs.315 crore under Simhadri Power Limited, a special purpose vehicle (SPV) promoted by the company at Sreerampuram village in Vizianagaram District of Andhra Pradesh. The plant will cater SEIL’s power need to a large extent.
Simhadri Power Limited (SPL) will supply 51 per cent of the power generated for captive consumption by the units of the company as per the arrangement entered by the Company with SPL and the balance will be exported through merchant sale.
Commenting on the occasion, B. Satish Kumar, Managing Director, Steel Exchange India said, “We are extremely pleased to launch the captive power plant. With this the Company will have substantial savings in costs apart from assured supply of power.”

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