Economy & Market
Sanghi Industries to invest Rs 250 cr
Sanghi Industries will invest Rs 250 crore over the next couple of years for developing waste heat recovery system (WHRS) and facilities at Navlakhi Port in Gujarat. The company will be investing Rs 150 crore for developing 15-MW WHRS and another Rs 100 crore to further develop its facilities at Navlakhi Port in Gujarat, according to the company. It has signed a contract for installing the system at its cement plant in Kutch, Gujarat whereby 15 MW power will be generated from the waste gases. The company has already set up a terminal with an investment of Rs 50 crore at Navlakhi Port and plans to invest an additional Rs 100 crore to further develop the terminal as the sea route reduces our transportation cost considerably.