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Nettlinx acquires 51% stake in Venkateswara Green Power Projects

Capital Market 

As part of strategy to diversify into sunrise business segment

announced acquisition of a controlling 51% stake in Sri Venkateswara Green Power Projects, a company involved in developing and implementing a viable and environmentally sustainable 12 MW power plant, a renewable energy project.

The proposed state-of-the-art power plant, converts GHMC waste into energy, is being developed in the GHMC south zone located about 50 km from the Telangana State Secretariate. The project will be operational in about 18 months time.

This acquisition is part of the Company's strategy to diversify into sunrise business segments.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, August 09 2017. 11:22 IST