Anupam Rasayan to invest Rs 43 crore to set up a 12.5 MW solar power plant

Anupam Rasayan on Tuesday said it will invest Rs 43 crore to set up a 12.5 megawatt (MW) power plant.

“In a conscious move towards reducing dependence on non- and cost saving measure, Anupam Rasayan… has issued a letter of intent to install power by investing a sum of Rs 43 crore,” the company said in a regulatory filing.

The company said the entire capital expenditure of Rs 43 crore will be funded from the its proceeds.

The size of the proposed will be 12.5 MW and will cater to the requirements of Anupam Rasayan’s major units.

Anupam Rasayan operates six manufacturing facilities in . Anupam Rasayan came out with Rs 760 crore initial public offer () in March this year.