Sumeet Industries is going to setup 10.5 MW (5 Turbines of 2.1 MW each) Wind Power Plant at a capital cost of Rs. 77.51 crore and for the said project IDBI Bank has sanctioned Rs 57.75 crore. This power plant will be operational within six months.
Pursuant to this, the company’s profitability will improve further due to low cost of energy. Not only that, after completion of six years from this project, company will receive 2.70 crore units of Electricity only at a cost of Rs 1.30 paise.
Sumeet Industries manufacturers and exports polyester yarn, polypropelene yarn and woven fabrics. The company’s products are marketed under brand name ‘SUMILON’.