Ram Charan to invest Rs 15,000 cr to set up plants to manufacture waste-to-energy units in Tamil Nadu, Gujarat

Ram Charan — the little-known Chennai-based chemicals trader which, of late, has been developing technologies and equipment to convert industrial and municipal waste into energy that leave no residues — is investing Rs 15,000 crore to set up two such manufacturing plants in Tamil Nadu and Guajrat, a top company official has said. While the Tamil Nadu unit will come up in the Rameshwaram district on a 70-acre land which will be acquired by the end of the month, the Gujarat plant will come on a similar sized plot in the Kutch district and the land for the same should be acquired by the end of the month or early next month.