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Textile firm to set up 18 MW thermal power plant at Banswara
07 Sep '07
2 min read
Banswara Syntex Ltd (BSL), a vertically integrated garment supplier, has announced its successful commencement of the 18 MW thermal-based power plant at Banswara. The power plant is set up for 100% captive power consumption.
The shift from furnace oil to thermal-based power plant is expected to cash in Rs. 20 crore on an annual basis. For the power plant, BSL plans to consume 100 % imported coal. This would help the company to cash in Rs. 1.70 per unit from the existing state electricity board cost of Rs. 4.55 per unit. Moreover, this will also avail a 10-year tax holiday for the company.
Commenting on the commissioning of the power plant, Mr. R. L. Toshniwal, Chairman and Managing Director, said, “We have set up an 18 MW thermal power plant for better quality and uninterrupted flow of power for our captive consumption. Increased capacities along with the savings from the power plant will see the volumes grow with leveraged operating efficiencies for BSL.”
Expansion Plan Status:
The company's on-going expansion plan of Rs 125 crore is progressing as per schedule. Additional 11,000 spindles became operational by August 2007. The revenue from these operations will be reflected in Q3FY08 onwards.
With the ongoing expansion plan, the income from operation from yarn is expected to be at Rs. 350 crore, fabric at Rs. 200 crore and of garments at Rs. 40 crore in FY08.
Going forward, the revenue from fabric and garments is expected to improve substantially with the setting up of trousers unit of 2,0,000 pieces and jackets unit of 30,000 pieces per month capacity in SEZ area at Surat from December'07.
The shift from furnace oil to thermal-based power plant is expected to cash in Rs. 20 crore on an annual basis. For the power plant, BSL plans to consume 100 % imported coal. This would help the company to cash in Rs. 1.70 per unit from the existing state electricity board cost of Rs. 4.55 per unit. Moreover, this will also avail a 10-year tax holiday for the company.
Commenting on the commissioning of the power plant, Mr. R. L. Toshniwal, Chairman and Managing Director, said, “We have set up an 18 MW thermal power plant for better quality and uninterrupted flow of power for our captive consumption. Increased capacities along with the savings from the power plant will see the volumes grow with leveraged operating efficiencies for BSL.”
Expansion Plan Status:
The company's on-going expansion plan of Rs 125 crore is progressing as per schedule. Additional 11,000 spindles became operational by August 2007. The revenue from these operations will be reflected in Q3FY08 onwards.
With the ongoing expansion plan, the income from operation from yarn is expected to be at Rs. 350 crore, fabric at Rs. 200 crore and of garments at Rs. 40 crore in FY08.
Going forward, the revenue from fabric and garments is expected to improve substantially with the setting up of trousers unit of 2,0,000 pieces and jackets unit of 30,000 pieces per month capacity in SEZ area at Surat from December'07.
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