Enzen Global Commits Capital Expenditure (CAPEX) of Rs. 4.5 Crore

Enzen Global Commits Capital Expenditure (CAPEX) of Rs. 4.5 Crore

Odisha, February 12, Abhijit Saha: Enzen Global Solutions Pvt. Limited has incurred a capital expenditure (CAPEX) of Rs 2.79 crores in the state of Odisha till December 2013 said by company sources. Enzen Global has its corporate office at Bangalore and is a consulting and services company specifically working in the energy and utilities market having interest in the field of energy, water, gas, environment and renewables.

The total financial commitment of the company for the full financial year was estimated at Rs. 4.5 crore of which Rs. 1.3 crore corresponds to the cyclone restoration period.

This capital expenditure programme got underway from April 2013. The company officials said that this programme is started in Dhenkana and Paradeep circles simultaneously for installations of Poles, AB Cables and LT bare conductors in both these areas.

The chairman and CEO of Enzen Global Solutions Mr. Sateesh Kumar has said that till the third quarter ending in December 2013, the company has put up about 2017 poles in both Dhenkanal and Paradeep circles. He also said that the company has installed over 83 kms of AB cable, LT bare conductors of around 18560 metres and 98 LT Stay in both the circles. Mr Sateesh said that to speed up the capital expenditure programme, a dedicated and decentralized CAPEX tem has been deployed in all the six divisions of Dhenkanal and Paradeep circle.

Posted by on February 13, 2014. Filed under Economy. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.