Steel Exchange India’s special purpose vehicle (SPV) - Simhadri Power, has successfully commissioned the CFBC boiler and turbines with present power generating capacity of 50 MW on November 17, 2012. The balance 10 MW from waste heat recovery is expected to be commissioned by February 2013.
Simhadri Power (SPL) which has set up the 60 MW captive power plant, will supply 51% of the power generated for captive consumption by the units of the company as per the arrangement entered by the company with SPL and the balance will be exported through merchant sale. With this the company will have substantial savings in costs apart from assured supply of power.
Steel Exchange India operates in six divisions, namely Trading Division, Steel Melting Division, Rolling Division, Wire Drawing and HC Wire Products & Galvanized Wire Division, Pyxis Software Division and Sponge Iron Division.
