SRM Energy Ltd. (formerly known as Hitkari Fibres Ltd.), a BSE listed company and a part of the Spice Energy Group, has embarked on implementing a total of 4,000 MW of power generating capacity in India.
To facilitate faster fund raising and resource mobilization, the Group has taken
over Hitkari Fibres Limited, a company listed on Mumbai Stock Exchange and
merged the Special Purpose Vehicle formed for implementing power projects - SRM
Energy Private Ltd.-with Hitkari Fibres Ltd., and the merged entity has been named
as ‘SRM Energy Ltd.’