Anupam Rasayan to invest Rs 43 crore to set up solar power plant
Speciality chemical company Anupam Rasayan NSE 1.71 % India on Tuesday said it will invest Rs 43 crore to set up a 12.5 megawatt (MW) solar power plant. “In a conscious move towards reducing dependence on non-renewable energy and cost saving measure, Anupam Rasayan… has issued a letter of intent to install solar power by investing a sum of Rs 43 crore,” the company said in a regulatory filing.
The company said the entire capital expenditure of Rs 43 crore will be funded from its IPO proceeds.
