Home ECONOMY ENZEN pegs CAPEX of Rs 4.5 Cr during FY’14 in Odisha

ENZEN pegs CAPEX of Rs 4.5 Cr during FY’14 in Odisha


Bhubaneswar, Feb 12:

Bangalore-based Enzen Global, having interest in the fields of energy, gas, water, renewable energy etc, has incurred a capital expenditure (CAPEX) to the tune of Rs 2.79 crores in Odisha till the third-quarter ended December 2013, company sources revealed.

The company’s total estimated financial commitment for the full fiscal year 2012-13 is Rs 4.5 crore and of this, Rs 1.3 crore corresponds to the cyclone restoration period.

The said CAPEX programme kicked off from April 2013 simultaneously in both Dhenkanal and Paradeep circles, in respect of installation of AB Cable, Poles and LT bare conductors in these areas, officials of the company informed.
The company till the quarter-ended December 2013 has erected about 2017 poles in both Dhenkanal and Paradeep circles. Similarly, above 83 kms of AB cable and around 18560 metres of LT bare conductors and 98 LT Stay have been installed in both the circles, Chairman and CEO Satheesh Kumar KR said.

A dedicated and decentralized CAPEX team in all six divisions of the above two circles has been deployed to expedite the CAPEX programme, Mr Satheesh said.