Sujana Towers to invest Rs 300 crore in Assam tower facility

Sujana Towers Limited (STL), a Hyderabad-based telecom and power infrastructure company, is planning to set up a tower manufacturing facility at Guwahati in Assam with an outlay of Rs 300 crore within the next financial year.

It is in the process of acquiring 100 acre in a government-owned special economic zone at Guwahati. The facility, to come up in 500,000 sft of constructed area with 100,000-tonne processing capacity, will comprise a unit each for fabrication, surface finishings and to make electrification structures for the Railways besides a tower-testing station that will cater to the needs of east and northeastern parts of the country.  As against the conventional practice of 1:2 equity and debt, the company plans to go in for a 2:1 equity-debt mix. The project is expected go on stream within the next fiscal.