Jan 29, 2014, 04.50 PM IST
"Hindustan Salt has 20,000 acre land in Gujarat, where we propose to set up a solar and wind power project of 4,000 MW or more generation capacity," Minister of Heavy Industries and Public Enterprises Praful Patel said here today
Tags Centre, solar and wind power project, Gujarat, Hindustan Salt, Minister of Heavy Industries and Public Enterprises Praful Patel, Bharat Heavy Electricals, SECI (Solar Energy Corporation of India), , SSL (Sambhar Salt Ltd), , SJVNL (Satluj Jal Vidyut Nigam), Power Grid Corporation of India, REIL, B P Rao
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Govt mulls setting up solar, wind power project in Gujarat
"Hindustan Salt has 20,000 acre land in Gujarat, where we propose to set up a solar and wind power project of 4,000 MW or more generation capacity," Minister of Heavy Industries and Public Enterprises Praful Patel said here today
Like this story, share it with millions of investors on M3
Govt mulls setting up solar, wind power project in Gujarat
"Hindustan Salt has 20,000 acre land in Gujarat, where we propose to set up a solar and wind power project of 4,000 MW or more generation capacity," Minister of Heavy Industries and Public Enterprises Praful Patel said here today
"Hindustan Salt has 20,000 acre land in Gujarat, where we propose to set up a solar and wind power project of 4,000 MW or more generation capacity," Minister of Heavy Industries and Public Enterprises Praful Patel said here today.
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"It is totally feasible as the topography is suitable for production of solar power," he said, adding that preliminary studies on the feasibility of the proposed plant are on. "Once the studies are made available we would go ahead with the Gujarat project as well," he added.
Patel was speaking at a function where State-run BHEL , SECI (Solar Energy Corporation of India), SSL (Sambhar Salt Ltd), Power Grid Corporation , SJVNL (Satluj Jal Vidyut Nigam) and REIL (Rajasthan Electronics & Instruments Ltd) joined hands to set up a 4,000 MW ultra mega solar power project at Sambhar in Rajasthan.
It envisages an investment of Rs 7,500 crore in the first phase, BHEL Chairman and Managing Director B P Rao said here.
The project will come up on surplus land available with SSL in Sambhar.
BHEL stock price
On January 29, 2014, Bharat Heavy Electricals closed at Rs 170.70, up Rs 6.35, or 3.86 percent. The 52-week high of the share was Rs 230.00 and the 52-week low was Rs 100.35.
The company's trailing 12-month (TTM) EPS was at Rs 21.82 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 7.82. The latest book value of the company is Rs 124.38 per share. At current value, the price-to-book value of the company is 1.37.
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