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Sumeet Industries provides business update

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Resumes sourcing of power through open access facility

Sumeet Industries announced that the Open Access facility which has been discontinued by Gujarat Energy Transmission Corporation (GETCO) due to technical reason since March, 2014 has been opened w.e.f 01 February 2016 and now the Company has been sourcing power through Open Access.

Sourcing of Power through open access facility is very cost effective and the Company will save now around Rs. 1.50 crore per month and thereby add Rs. 18 crore in its profit margin in next twelve months by saving in energy cost.

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First Published: Feb 02 2016 | 5:32 PM IST

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