Usher Agro commissioned 16 MW Rice Husk Biomass plant and proposed public issue for another 18 MW plant…

Power India found that Usher Agro Limited, has informed the National Stock Exchange that, Usher Eco Power Limited (subsidiary of Usher Agro) has successfully commissioned a 16 MW Rice Husk Biomass based Cogeneration Power Plant.

 

The said plant is developed at Chhata, Mathura, Uttar Pradesh.

 

The company has further informed that it is under the process of setting up another Rice Husk Biomass Co-generation power plant having installed capacity of 18 MW.

 

For that purpose the company is proposing a public issue of equity shares and has filed Draft Red Herring Prospectus (DRHP) with SEBI on February 03, 2012 subject to

• approval of the Securities and Exchange Board of India,("SEBI") and other relevant regulatory and statutory authorities;
• market conditions and other considerations.

 

 

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