Birlacot & Birla power both are best for long term ?
chairman Yash Birla. Mr Birla on Wednesday said his group has floated a special purpose vehicle (SPV) Birla Urja to run the power business. Birla Power holds a 51% stake in the SPV, while the balance is with group companies.
According to him, his group will set up 600 mw of thermal power plant capacity in Maharashtra and 125 mw solar power capacity in Andhra Pradesh, Rajasthan, Uttaranchal and Haryana. The investments in the power projects will have a debt-equity ratio of 70:30. The equity component will be funded through various options, including contribution from the promoters and private equity funds, while debt will come from institutions like State Bank of India and Power Finance corporation, Mr Birla said. as quoted
Birla Power to raise Rs 500 cr
BS Reporter / Mumbai 25 Mar 10 | 03:35 PM
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