Shree Cement today shall foray into solar power sector and set up plants to generate 50 MW in Rajasthan at a cost of Rs 750 crore.
Investment for the proposed venture could be around Rs 750 crore according to industry thumb-rule, as it needs about Rs 15 crore outlay to generate 1 Mw solar power. The company has also selected locations to set up 2 solar power plants and is yet to appoint a consultant to frame a roadmap for them in the solar energy sector.
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