Chettinad Power is setting up a Rs 8,500-cr super critical thermal power plant in Nagapattinam district of Tamil Nadu

BSE-listed Chettinad Cement is planning to invest around Rs 1,300 crore by way of equity in its associate company Chettinad Power Corporation, which in turn would use the fund to set up a Rs 8,500-crore super critical thermal power plant in Tamil Nadu. In a communication to the shareholders, the company said it had received a proposal from Chettinad Power Corporation Private Ltd seeking investment in its equity share capital for a supercritical thermal power project of 1320 Mw (660 Mw x 2) at Tharangambadi Village in Nagapattinam district.