Market News - Vikash Metal and Power

Vikash Metal & Power Ltd has informed that Waste Heat Recovery based Captive Power Plant of the Company, has been registered under CMD Project with UNFCCC. The Captive Power Plant is based on Waste Heat Recovery module whereby flue gas released by the Sponge Iron kilns is used to generate steam in the boiler thereby replacing fossil fuel for generating power. It will involve reduction of 55,000 Metric Tonnes of CO2 equivalent per annum, which will lead to a substantial revenue inflow by selling C E R credits (Certified emission reduction), which will accrue to the Company for a period of 10 years