Bhoruka acquires SLS Power Industries

Bangalore, Jul 5: Bhoruka Power Corporation Limited (BPCL), part of the Bhoruka Group, today announced the acquisition of SLS Power Industries for Rs 80 crore.

Informing this to reporters here today, Bhoruka Group Chairman S N Agarwal said the city-based SLS Power Industries has two hydro power stations at Cauvery and Tungabhadra basins with a total capacity of 12 mw.

With this acquisition, BPCL would augment its presence in the clean power sector in India with a revenue target of Rs 200 crore by 2009.

A leader in small hydro stations n the country, BPCL has implemented 89 mw consisting of 15 hydro stations and two wind power plants, he added.

UNI