Tuesday, 29 January 2013
Deal Alert: GVFL invests Rs.40-Cr in SITAC Group wind farm projects
Posted on 19:55 by Unknown
Gujarat Venture Finance Ltd. (GVFL) has picked up an equity stake for Rs.40 crore in an SPV of UK-based SITAC Group, formed to execute a 50 MW wind farm project of Rs.252 crore in Gujarat. SITAC, which operates in the power generation sector through its subsidiary SITAC RE, plans to set up a combined 250 MW capacity wind farms in Gujarat over the next two years.
The total project cost is
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