Suryachakra to develop 270-MW power project

Hyderabad: Suryachakra Power Corporation Ltd has informed BSE that the Company has entered into memorandum of understanding on February 1 with the Chhattisgarh Government’s Chhattisgarh State Electricity Board for setting up of 270 MW thermal power project with an investment of approximately Rs 1,100 crore. Shares of the company closed at Rs 32.95, up 4.94 per cent on the BSE.