Valecha Engineering Ltd (VEL), through its 100 per cent subsidiary Valecha Infrastructure Ltd, is foraying into power sector by setting up 440 MW project in Madhya Pradesh. It has signed an MoU with the Government of Madhya Pradesh to this effect at the Global Investor Submit held at Khajuraho.
The investment size for the project is pegged at Rs 2,200 crore. VEL has the capacity to further increase its capacity in future. It has already started to identify feasible land and other resources that are critical for the project.
The investment size for the project is pegged at Rs 2,200 crore. VEL has the capacity to further increase its capacity in future. It has already started to identify feasible land and other resources that are critical for the project.
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