Industry

Srikalahasti Pipes to invest ₹80 crore in expansion

Power boost: SPL is raising the generation capacity of its power plant to 16.5 MW.

Power boost: SPL is raising the generation capacity of its power plant to 16.5 MW.  

Work on coke oven plant underway at a cost of ₹65 crore

Srikalahasti Pipes Ltd. (SPL)will be expanding its coke oven plant in the next nine months and its power plant by March 2019 for which it will be investing about ₹80 crore, said a top official.

“We have committed to invest about ₹80 crore for expanding coke oven and power plant capacity near Srikalahasti in Chittoor district,” said G.S. Rathi, whole-time director, SPL, an associate company of Electrosteel Castings Ltd. “We have already commenced the expansion work of coke oven plant, costing ₹65 crore. It will be completed by March 2018.”

The expansion will take the installed capacity of coke oven plant from 2.25 lakh tonnes per annum to 2.75 lakh tonnes per annum. It will commence operations during the first quarter of 2018-19, he said.

“Until 2002, we were importing coke. However, things changed after the plant was acquired by Electrosteel Castings which established the coke oven plant. Today, all our raw materials requirements are met fully in-house,” he said.

Besides, SPL is also increasing the generation capacity of its power plant from 14.5 megawatts to 16.5 megawatts.

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Printable version | Feb 20, 2020 7:07:25 PM | https://www.thehindu.com/business/Industry/srikalahasti-pipes-to-invest-80-crore-in-expansion/article19180739.ece

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