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Birla Power Solutions to raise Rs 450 cr

Wednesday, 04 May 2011
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Birla Power Solutions plans to raise up to Rs 450 crore ($100 million) in current fiscal from private equity players to part finance its diversification plans.

The company plans to invest around Rs 10,000 crore over the next five years to foray into thermal and solar power.

Birla Power is currently in talks with global private equity players for the proposed finance.

 

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