MoneyWorks4Me

Pradeep Metals to install 2.1 MW Wind Power Plant for captive use

19 Nov 2014 Evaluate

Pradeep Metals has received an approval to install 2.1 MW Wind Power Plant for captive use at project cost of about Rs 14 crore and invest about Rs 16.80 crore in a joint venture (JV) to be formed in USA for acquiring a CNC Machine Shop. These will be financed from permissible bank loans and internal accruals. The board of directors at their meeting held on November 12, 2014 has approved for the same.

Pradeep Metals is engaged in manufacturing of forgings for the defence, automobile, engineering and petrochemical industries, both for domestic and international markets.

Peers
Company Name CMP
Bharat Heavy Elect. 434.10
Thermax 3325.75
Kirloskar Industries 3449.15
Skipper 525.65
INDO-MIM 1181.70
View more..