India Power Corporation (Haldia) Ltd has been promoted to contribute to the power requirements of the state of West Bengal. It is setting up a 450 MW (3x150 MW) coal based power plant at Haldia at an estimated approximate cost of Rs.2500 crores.
Piccadily Sugar and Allied Industries to set up a distillery unit over two acre with an investment of Rs 35 crore. The project will be funded through internal accruals.
Piccadily Sugar & Allied Industries is currently awaiting environmental clearance for the project. The company is also scouting around for machinery suppliers. The consultancy and civil work will be done by the promoter itself.