The assets will include land, buildings, plant and machinery.
The company said that the step is being taken to have a good operational efficiency from the power project (which is in the process of setting up to assist the nearby existing cement plant) and to maintain a healty debt equity ratio for the company.
The company’s board has decided that the assets relating to the project be leased out to a private power company — Keshav Power.
The board of the company, in a notification, has asked the consent of its shareholders for the same.
In its draft resolution the company said that the lease period will not exceed 20 years.
