KV Bala, Chairman, Indowind Energy in an interview with CNBC-TV18 said that the company is confident of crossing the yearly profit figure of Rs 12 crore. If the company is successful in implementing new projects on time then profits could jump by another 30-40%.
Indowind Energy is planning to raise money post a board meeting on June 27. Chairman KV Bala says that the company is eyeing a maximum cap of up to USD 25 to 50 million to be raised. “We are targeting the capital for doing a 100 megawatt project pipeline,” says Bala.