Held on 12 May 2014
Veer Energy & Infrastructure announced that the Board of Directors of the Company at its meeting held on 12 May 2014, has decided the following:The Board of Directors have decided to set up 12MW Wind Power Project situated at Vinjalpur - Gujarat through its proposed Subsidiary Shruti Power Projects.
The Board of Directors has also decided to give Corporate Guarantee of Rs 52.56 crore to Indian Renewable Energy Development Agency (IREDA) for its Term Loan sanctioned to its proposed Subsidiary Shruti Power Projects.
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