Srikalahasti Pipes Ltd (SPL) will make an investment of around Rs 80 crore to expand its coke oven and power plant capacity.
The investment will be made to expand its coke oven plant in the next nine months and its power plant by March 2019. The plant is located near Srikalahasti in Chittoor district.
The company has commenced expansion of the coke oven plant which entails an investment of Rs 65 crore. The project will be completed by March 2018.
The installed capacity of the coke oven plant will be raised from 2.25 lakh tpa to 2.75 lakh tpa. The operations will begin during the first quarter of FY 2019.
The company is also increasing the generation capacity of its power plant from 14.5 MW to 16.5 MW.