Octant Industries has announced that the company is implementing the Biomass cum Thermal Power Project in the state of Orissa, Sambalpur District.

The company is taking all necessary steps and placing orders with various reputed agencies for fast implementation of the proposed power project. The State Bank of Hyderabad have also appraised the said project and giving necessary financial assistance for the same.

The Project is also appraised by Power Finance Corporation of India and the company is also taking steps to tie up with them for financing the Power Project.

Further the company has informed that the castor oil division is in line with getting the orders and executing the same to meet the budgeted revenue for the year 2011-12. The company also adopts global business standard to ensure their expanding range of foreign customers who will satisfy with company’s quality products.

As a part of forward integration, the company has already taken adequate steps for building its Agro Farming Division and the Government is also giving necessary support for the same.

(Sourced from IRIS)