Rain Cements plans 22 MW solar power unit in AP.

Rain Cements Ltd. (RCL), a wholly-owned subsidiary of Rain Industries Group is in the process of setting up a solar power plant in Andhra Pradesh with an investment of Rs. 140 crore.

'In order to enhance its foot print in Renewable Energy, Rain Group, through Rain Cements Ltd., is evaluating the possibility of setting up a 22 MW of solar power plant in Anantapur district of Andhra Pradesh,' the Hyderabad-based company informed the Bombay Stock Exchange recently.

RCL had participated in the bids invited by Southern Power Distribution Company Ltd. of Andhra Pradesh & Eastern Power Distribution Company Ltd. of AP and had qualified in the evaluation process.

'Post completion of detailed site verification and technical evaluation, RCL will execute Power Purchase Agreement,' it said. The company already has suitable land to set up the proposed plant in its possession.


HBL