Sumeet Industries has received its board’s approval to build a 15-MW power plant with a project cost of Rs 75 crore using both domestic and imported coal as fuel. This project may reduce the power cost of the company substantially and save around Rs 30 crore a year.
Sumeet Industries manufacturers and exports polyester yarn, polypropelene yarn and woven fabrics. The company’s products are marketed under brand name ‘SUMILON’.