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Ponni Sugars plans 20 MW cogeneration unit in Erode

Ponni Sugars (Erode) Ltd of Esvin Group is setting up a 20 MW cogeneration thermal project in Erode in Tamil Nadu with an investment of Rs. 1100 million. The company had started construction work on the site and it is likely to go operational in June 2012.

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The company has achieved financial closure with Rs. 650 million loan from Canara Bank.

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