Veer Energy &
Infrastructure announced that its subsidiary, Shruti Power Projects has
been sanctioned a loan of Rs 52.56 crore by the Indian Renewable Energy Development Agency. The loan sanctioned is for setting up a 12 MW
wind farm with project size of Rs 75.60 crore at Vinjalpur Village,
District Khambhalia in the State of Gujarat.
The project is expected to generate
additional revenue of Rs 12 crore per annum by way of power generation.
The Company is expected to commission the project by 31 August 2014.
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