Heritage Foods to invest Rs 50 crore in a hydro power project

By: Editor | May 16, 2009

Heritage Foods, a Hyderabad-based dairy company with Rs 600 crore in revenues, has taken approval from its board of directors to invest Rs 50 crore in a power project. The money will be invested in a special purpose vehicle that will generate hydro power in Arunachal Pradesh. The SPV is expected to start generating power in two years time. Details like the name of this special purpose vehicle and the stake it will get in it have not been given.

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