India Cements today said it will set up two thermal power plants of about 50 Mw capacity each in Tamil Nadu and Andhra Pradesh for internal consumption.
The company has decided to set up two thermal power plants of about 50 Mw each, in Tamilnadu and Andhra Pradesh, India Cements said in a filing to the BSE.
The company would invest Rs 500 crore on the power plants. The power generated would be used for internal consumption.
Shares of the company were trading at Rs 136, up 1.49 per cent on the BSE.