Business - Briefly   

SE Forge gets equity funding

CHENNAI: SE Forge, a subsidiary of Suzlon Energy, has raised equity investment of Rs. 400 crore from IDFC Private Equity, says a release. The company is setting up one of the largest foundry and foring capacities in the world to cater to the growing wind energy sector. It has established two facilities — a 1.20 lakh tonne foundry uit in Coimbatore and a 42,000 rings annually ring-rolling forging facility in Vadodara. The company intends to use the equity investment to fund these Greenfield capacities.— Corporate Reporter.

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

BSE launches currency futures trading
Tata Steel to acquire 20% in Canadian company
Samsung Mobile to focus on high-end phones
RIL-RNRL row: PMO seeks status report
Honda Siel to focus on supply chain
Moser Baer gets export orders worth $500 m
Ex-Citibank executive to head Aviva India
HP to buy LeftHand Networks
Matsushita changes name to Panasonic
Office 2000 Solutions’ eco-friendly move
Schneider bags IBM data centre work
Proven, probable mineral reserves
SPS Steel HP unit on stream
Exports up 27% at $16b
Union Bank achieves higher business growth
Workshop on currency futures
Insulating economy our priority: Manmohan
Exchange Rates
Bullion Rates
Sterlite Tech bags contract from BSNL
SE Forge gets equity funding
Infotech signs new contract with Bombardier
Siemens Energy secures Vadinar Power order
Syndicate Bank launches insurance plan
BSNL sets up mini-exchange for Akshaya Homes
Alcatel-Lucent pact with Club Med

Copyright © 2008, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu