Gokul Group, under its legal entity Gokul Refoils & Solvent Ltd, and Gujarat Mineral Development Corporation (GMDC), said it is planning to set up 80 MW lignite based thermal power station near Tadkeshwar in Gujarat. The cost of the total project cost is nearly Rs460 crore.
In this power plant, Gokul Refoils & Solvent will have 74% equity stake and GMDC will have the remaining stake. The project will be set up on 61 hectares of land, which is already acquired. The plant capacity is divided in parts of 55 MW which would be supplied to GMDC (20MW) and Gokul Group (35 MW) and the rest 25 MW capacity is available for sell to Gujarat Urja Vikas Nigam (GUVNL) and other parties.
On Tuesday, Gokul Refoils & Solvent shares closed 5.2% higher at Rs93 and GMDC shares closed 0.5% at Rs122 on the Bombay Stock Exchange. The Sensex ended at 0.3% up at 17,985 points.
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