ITC to set up windmills in Andhra Pradesh

ITC Ltd. | Cigarettes/Tobacco | FMCG | BSE: 500875 | NSE: ITC

02 Aug 2013 Evaluate

ITC, the diversified conglomerate is planning to set up windmills in Andhra Pradesh. It is likely to spend nearly Rs 300 crore for the same. With this initiative, the company aims to add 48 MW wind power generation capacity by early next fiscal. At present it has a 70 MW wind farm capacity, mostly in Tamil Nadu.

The company’s info-tech park in Bangalore is completely powered by renewable energy. Five of ITC’s hotels - Windsor and Gardenia in Bangalore, Grand Chola in Chennai, Maratha in Mumbai and Rajputana in Jaipur -are also powered by renewable energy.

Peers

Company Name	CMP
ITC	260.25
Godfrey Phillips Ind	1928.00
VST Industries	204.05
Indian Wood Products	33.86
NTC Industries	134.70
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
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Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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