August 30, 2008

Videocon plans multi product park & power plant in AP

A consortium lead by Videocon Industries Limited has come up with a proposal to set up a multi product industrial park and a 1,320 MW thermal power plant in the West Godavari district of Andhra Pradesh.

Apart from Videocon, the other two promoters of the special purpose vehicle Yeswanth Industrial Infrastructure Projects Private Limited are Mr Ramesh Babu Potluri CMD of SMS Pharmaceuticals Limited and Mr T Srinivasa Rao chairman of WhiteField Paper Mills Limited.

Mr Venugopal N Dhoot CMD of Videocon Industries, after a meeting with Dr Y Reddy chief minister of Andhra Pradesh, said that "We have sought 5,000 acres in Perupalem village of West Godavari District and the total investment envisaged is INR 7,600 crore." He added that the CM has invited Videocon to set up a semi conductor unit in the proposed Fabcity on the outskirts of Hyderabad.