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: any new business opportunities?
We are getting into wind turbine manufacturing. The company is trying to set up a 1,000-mw project in Puducherry. We already have a technology partnership with a German company. We are expecting the commercial launch of our wind turbine by September 2009. Some part of the power generated by the project will be used for captive consumption and the rest will be for international markets as there is a huge shortage of wind turbines overseas.
Our strategy for the wind turbine business is based on the global market shortage. It is always better to spread your wings. So, we are looking at developing wind farms in India, Europe and the US. We have already started operation in the US to develop land assets. For Europe, we have appointed a consultant, who will identify land for us for a wind power project. The company will invest Rs 200 crore in setting up a blade manufacturing facility at Puducherry. Over the next two years, we are looking at a further commitment of Rs 500 crore.
Many private equity (PE) players have invested heavily in infrastructure companies of late. Are you in talks with any PE funds?
Several have approached us for specific projects. Some want to get into our SPVs, while some others want to invest in our verticals. Discussions are on. We are not clear as to how to structure the group to tap these opportunities. Since Lanco Infratech is a highly diversified entity, it is difficult for those who want to invest in our business to understand the profile. For example, those who have a strong presence in power and do not understand infrastructure, it would be difficult to gauge the value of Lanco’s power business independently. One suggestion for us is to create separate verticals for each business of the company. We are thinking about it, but have not taken a decision. We do not want to miss the opportunities that are available. So, we will adopt whatever method suits business growth. It will be definitely for the benefit of shareholders....
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