Pradeep Metals has received an approval to install 2.1 MW Wind Power Plant for captive use at project cost of about Rs 14 crore and invest about Rs 16.80 crore in a joint venture (JV) to be formed in USA for acquiring a CNC Machine Shop. These will be financed from permissible bank loans and internal accruals. The board of directors at their meeting held on November 12, 2014 has approved for the same.
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