Cethar Vessels Limited

Mr K Subburaj, chairman of Cethar Vessels Private Ltd said that Cethar Vessels Private Ltd is setting up two 135MW thermal power plants in Raigad district in Maharashtra at a cost of INR 1,100 crore.

He said the company would take possession of the land at Vhile Bhagar village and the project would be commissioned by June 2009. Initially coal stocks would be imported for the coal based power plant and would be mobilized from nearby pitheads.

Mr K Subburaj said Cethar registered a turnover of INR 1079 crore in the year ending March 31st 2007 and the target for the current fiscal was INR 2,000 crore and would go public before this fiscal end with a launch of IPO with an aim to mop up around INR1000 crore. He said it would also float a new venture Global Engineering Services to render engineering services on automobile, power generation, aerospace, fabrication and construction would be ready before next December.

He said the INR 420 crore expansion programs to increase the capacity of the vessels manufacturing facility from 5,000 MW to 8,000 had commenced in June 2005 and would culminate by March 2008. Cethar Vessels also plans to produce Power Plant turbines at a cost of INR 800 crore with an annual production capacity of 4000 MW. It will be a JV with a foreign partner details of which would be finalized before the month end.


	STEEL GURU - Cethar Vessel to set up 2 thermal power plant in Maharashtra

	10/07/2008

	Mr K Subburaj, chairman of Cethar Vessels Private Ltd said that Cethar Vessels Private Ltd is setting up two 135MW thermal power plants in Raigad district in Maharashtra at a cost of INR 1,100 crore. He said the company would take possession of the land at Vhile Bhagar village and the project would be commissioned by June 2009. Initially coal stocks would be imported for the coal based power plant and would be mobilized from nearby pitheads. Mr K Subburaj said Cethar registered a turnover of INR 1079 crore in the year ending March 31st 2007 and the target for the current fiscal was INR 2,000 crore and would go public before this fiscal end with a launch of IPO with an aim to mop up around INR1000 crore. He said it would also float a new venture Global Engineering Services to render engineering services on automobile, power generation, aerospace, fabrication and construction would be ready before next December. He said the INR 420 crore expansion programs to increase the capacity of the vessels manufacturing facility from 5,000 MW to 8,000 had commenced in June 2005 and would culminate by March 2008. Cethar Vessels also plans to produce Power Plant turbines at a cost of INR 800 crore with an annual production capacity of 4000 MW. It will be a JV with a foreign partner details of which would be finalized before the month end.