Sportking India has received in-principle approval from board of directors for investment of 26% i.e. Rs 12.09 crore in the Equity Share Capital of M/s Evincea Renewable (Two), a special purpose vehicle (SPV) inter-alia engaged in supply of solar power. The Evincea Renewable (Two) will commission the Solar Power Plant with capacity of 40.3 MW for supply of power to Company`s Bathinda and Ludhiana Unit for period of 25 years. The schedule commencement of power supply period is tentatively 15 months and company is expecting saving in power cost about 10-12%.
Sportking India is engaged in Yarn manufacturing, Textile Processing, Knitted Fabric, Garment and Retail.
