Steel and mining company Adhunik Metaliks is planning to foray into the power sector by setting up 3,480-Mw generation capacity before 2015 with an investment of close to Rs 17,000 crore. The Rs 3,000-crore Adhunik Metaliks Group’s energy plans will be powered through Adhunik Power and Natural Resources, which will act as the holding company for three coal-based power projects planned in Jharkhand, Orissa and Bihar.
The company, which is now implementing a 540-Mw project near
The company requires around Rs 5,000 crore in equity for its power plans. This will be funded by an initial public offering in 2011, strategic tie-ups with power sector players and a stake sale to private equity players.
The Union government is planning to add a minimum 60,000 Mw of capacity during the current five-year plan and another 100,000 Mw during the next five-year plan to meet the increasing demand for power. Private sector players, such as Reliance Power, Tata Power, GMR Energy, JSW Energy, Lanco Infratech, Essar and Indiabulls have a pipeline of various power projects, ranging between 3,000 Mw to 32,000 Mw of total capacity.
crackcrack| Company Name | CMP |
|---|---|
| Tata Steel | 210.55 |
| JSW Steel | 1300.55 |
| SAIL | 197.00 |
| Jindal Stainless | 696.20 |
| APL Apollo Tubes | 1808.35 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: