Lanco Group to Invest $125 Million in Wind Power as India Unveils Plans for Climate Change
Posted on July 08, 2008 at 01:00 AM EDT
BANGALORE, INDIA--July 8, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--The Lanco Group (Hyderabad, Andhra Pradesh), a power and infrastructure major, is planning a foray into the wind-energy sector with an initial investment of $125 million. The group is aiming for a commercial launch of wind energy by September 2009 and has a target of developing a total installed capacity of 1,000 megawatts (MW). The company's decision comes at a time when India is renewing its focus on harnessing renewable energy sources to tackle the global issue of climate change.
Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here