MoneyWorks4Me

Porwal Auto Components to invest Rs 15 crore in Solar Power Plant

13 Feb 2017 Evaluate

Porwal Auto Components’ board has decided to invest approximately Rs 15 crore in Solar Power Plant for captive consumption with the capacity of 3 megawatts (MW) for which the company will avail the credit facility of approximately Rs 10 crore.

Porwal Auto Components is involved in the manufacture of a variety of Ductile Iron, Grey Cast Iron Steel and Steel Alloy Casting Components and Subassemblies. The company caters to the various sectors including Automobile, Engineering, Pumps and Valves, Agriculture and Tractor Equipments, Construction Equipments, Machine Tools, Railways etc.

Peers
Company Name CMP
SamvardhanaMotherson 164.30
Tube Investments 2607.25
Bosch 48388.75
UNO Minda 1202.40
Bombay Burmah Trdg. 1423.10
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