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Sumeet Industries gets nod to set-up power plant

19 Jan 2016 Evaluate

Sumeet Industries has received an approval for setting up Furnace Oil based Genset Captive Power Plant and 5 MW Power Plant which is an alternate source of generating cheap power at present. Furnace oil is the by-product of the crude which is prevailing at seven year’s low price.

The board of directors at their meeting held on January 18, 2016 has approved for the same. This power project may reduce the power cost of the company substantially and will save around Rs 7.50 crore in a year.

Sumeet Industries manufacturers and exports polyester yarn, polypropelene yarn and woven fabrics. The company’s products are marketed under brand name ‘SUMILON’.



Sumeet Inds Share Price

30.14 -0.34 (-1.12%)
21-Apr-2026 16:59 View Price Chart
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