Ramsarup to set up bio-root generation plant in Gujarat

Ramsarup Industries Limited, the country's second largest player in steel wire market after TISCO, has finalised plans to set up a bio-root power generation plant in Gujarat.

Talking to Business Standard, Navin Gupta, chief financial officer of Ramsarup Industries, said, "We will come up with bio-root power generation plant in Gujarat in six months time."

The company with Rs 1020 crore turnover, is carrying out techno feasibility study to identify a suitable location for its upcoming bio-root power generation plant in the state.

"The project will be of enormous size for which we need approximately 300 acres of land," added Gupta. He further elaborated that such a huge chunk of land can only be provided by the state government at concessional rates.

However, he admited that the plant will be set up at the remotest area of the state due to the need of mammoth land for setting up the power generation infrastructure.

He clarified by saying, "We are not in any kind of talks with the Gujarat government for procuring land at present."

"Initially the power generation capacity will be 20 Mega Watt (MW) annually which will be increased phase wise in later stages," informed Gupta.

The bio-root power plant will generate electricity from vegetables and municipal wastes and the remains of the utilized wastes products can be used as bio-fertiliser after the production of power.

"Power generated from bio degradable products will add more value as we can get further product in form of bio-fertilizer," said Gupta.

When asked about the kind of investment that will be required for establishing a bio-root power generation plant, Gupta said, "The total investment amount has not been figured out yet."

However the company will prefer to sell its power to state electricity agency over the private players, informs Gupta.