Suryachakra Power to hit capital market in June

Hyderabad, May 10: City-based Suryachakra Power Corporation Ltd today said it had received the nod from the Securities and Exchange Board of India (SEBI) for the issue of 3.4 crore equity shares of Rs ten each through the book building route.

A company release here said the company was slated to hit the capital market in June 2007.

The company, established in 1995, was running an independent power plant in Andaman and Nicobar islands, catering to the needs of Port Blair and nearby places. It was also implementing two renewable energy projects in Chhattisgarh as 100 per cent subsidiaries, the release said.

UNI