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State mineral and mining PSU Gujarat Mineral Development Corporation Ltd today 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 milestone for the mining industry of the country to replicate,” the GMDC Managing Director, Mr V.S, Gadhavi, said.
Tapping the opportunities in the 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 June 30, 2011, the power generated from it was 58 million units (MUs), thereby generating a revenue of Rs 20 crore,” Mr Gadhavi said.
“On the power front, our lignite fed power plant produced 346 MUs for the quarter under review,” he said.
The state PSU reported a rise of 46 per cent in its net profit for the quarter ended June 30, 2011 at Rs 153 crore.
The company had posted a profit of Rs 104.74 crore in the corresponding quarter a year ago.
The company reported a rise of over 36 per cent in its turnover for the quarter under review at Rs 467 crore compared with Rs 341.85 crore in the same period a year ago, a company official said.
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