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Videocon Group plans multi-product park, power plant

2008-05-08 08:49:45 Source : Business Line

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Hyderabad, May 7

A consortium lead by Videocon Industries Ltd 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 Ltd are Mr Ramesh Babu Potluri, CMD of SMS Pharmaceuticals Ltd, and Mr T. Srinivasa Rao, Chairman of WhiteField Paper Mills Ltd.

�We have sought 5,000 acres in Perupalem Village of West Godavari District and the total investment envisaged is Rs 7,600 crore,� Mr Venugopal N. Dhoot, CMD of Videocon Industries, told newspersons after meeting the Chief Minister, Dr Y.S. Rajeshekara Reddy, here on Wednesday.

Semi-conductor unit

He also said that the Chief Minister has invited Videocon to set up a semi-conductor unit in the proposed Fabcity on the outskirts of Hyderabad.

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