VBC Ferro Alloys has received an approval to hive off the proposed Captive Power Plant for its speedy implementation. The board of directors at its meeting held on November 09, 2013 has approved for the same. To facilitate such a hive off, the board has also authorized the Managing Director to take all necessary steps in this regard.
The company is developing 2x60 MW coal based Captive Power Plant for its captive requirements. The company has already obtained all necessary permissions and approvals for implementation of the Project. Keeping in view the acute Power shortage scenario in the State of Andhra Pradesh, the board felt it necessary to implement the Captive Power Plant on priority basis as the existing Ferro Alloy Unit is unable to carry on its manufacturing operations due to high power tariff and non availability of adequate power.
VBC Ferro Alloys is engaged in the production of HC Ferro Chrome, HC Silico Manganese, HC Ferro Manganese and Ferro Silicon.
| Company Name | CMP |
|---|---|
| Indian Metal & Ferro | 1566.85 |
| Maithan Alloys | 1036.10 |
| Nava | 704.50 |
| Indsil Hydro Power | 41.30 |
| Shyam Century | 5.61 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: