JK Tyre & Industries plans 1360 Mw power plant in MP

New Delhi: JK Organisation plans to set up a 1,360 MW power plant near Jhansi in Madhya Pradesh, on which it will make an initial investment of Rs 1,300 crore within two years.

JK Organisation will set up a new entity to run the power business, which it hopes to be one of the major contributors to its revenue.

In the first phase, the group will start a 660 MW plant within the next two year.

The company will form a special SPV in the coming days.