*Anik Industries* is planning to raise $60 Mn through various options like GDRs, QIP or FCCBs for funding its proposed power projects.
Anik Industries Limited - part of the *Ruchi Group* - operates in three segments - Dairy, Wind Power and Others. The Dairy products include milk, ghee, milk powder and other dairy products. The Wind Power Units Include wind power generation and Other include trading of steel and pulses. The company posted a a PAT of Rs 1.50 Cr on Revenues of Rs 298.48 Cr. Transaction Note Earlier in Feb'10, Anik announced the setting up of an integrated Ferro Alloy and Power Plant in Jhabua, Madhya Pradesh. The Company will invest more than Rs.500 crore to set up the Plant with a capacity of 45 MVA of Ferro Alloy and 90 MW of power. The Company has proposed an investment of Rs. 150 crore in the first phase, which would help produce 18 MVA of Ferro Alloy and 20 MW of power by the financial year ending 2010-11. The 33 acres of land has already been acquired through the Madhya Pradesh Audyogik Kendra Vikas Nigam Ltd., a specialised State Government Corporation promoted for the development of industrial areas, and infrastructure facilities. The Company has identified a thrust in the power sector, on the conventional and non-conventional platform and would look at both integrated units and independent power plants for its various power projects. Anik Industries has already zeroed in on a 225 MW gas based power plant at Ujjaini, a 300 MW coastal power plant with captive jetty in Tamil Nadu, and at the same time is currently evaluating the feasibility of setting up two solar photovoltaic power plants of 10MW each at Madhya Pradesh and Rajasthan. -- Regards Hardik Shah -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
