MoneyWorks4Me

ITC to set up windmills in Andhra Pradesh

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 257.20
Godfrey Phillips Ind 1670.00
VST Industries 197.00
Indian Wood Products 35.34
NTC Industries 123.15
View more..