Home/ Companies / GMDC to set up 5 MW solar plant at Panandhro mines in Kutch

Ahmedabad: State mineral and mining PSU Gujarat Mineral Development Corporation (GMDC) on Saturday said it will set up a 5 MW solar plant on the reclaimed land of mined out pits at Panandhro in Kutch district.

“It will be for the first time in country that a 5 MW solar plant shall be set up on the reclaimed land of mined out pits. The project would serve as a mile stone for mining industry of the country to replicate," GMDC managing director V S Gadhavi said.

Tapping the opportunities in non convention energy sector, GMDC has set up a 100 MW wind power project during the period under review.

“We have set up a 100 MW wind power project and during the quarter ended 30 June, 2011 the power generated from it was 58 million units (MUs), thereby generating a revenue of 20 crore," Gadhavi said.

“On the power front, our lignite fed power plant produced 346 MU’s for the quarter under review," he said.

The state PSU reported a rise of 46% in its net profit for the quarter ended 30 June, 2011 at 153 crore. The company had posted a profit of 104.74 crore in the corresponding quarter a year ago.

The company posted a rise of over 36% in its turnover for the quarter under review at 467 crore, as compared to 341.85 crore in the corresponding period a year ago, a company official said.

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Updated: 03 Sep 2011, 02:56 PM IST
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