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Wednesday, August 15, 2007

Indowind Energy to set up 9 mw project in Karnataka

Indowind Energy is coming out with an initial public offer of 1.25 crore shares. KV Bala, Chairman, Indowind Energy said that they are planning to set up a 9 MW project in Karnataka.

Bala added that they are also planning to close some of the financial lease facilities with some banks, acquire some assets from banks and meet the public issue expenses and working capital requirements.

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