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India

India

TTG AND KANISHK STEEL ALLIANCE

Technology Transfer Group Industries Ltd (TTG) of Madras has entered into a five year strategic alliance with Kanishk Steel Industries Ltd (KSIL), a leading manufacturer of a wide range of steel rolled products. The alliance will provide one-stop solutions to customers looking to install wind plant. According to the agreement, KSIL as the developer will provide a total package from erection to commissioning of wind turbines supplied by TTG. TTG has a formal co-operation agreement with German wind turbine manufacturer, Husumer Schiffswerft. KSIL plans to invest INR 100 million on creating an infrastructure and will also take on responsibility for operation and maintenance of wind turbines sold. In addition, it will arrange syndicated loans for customers.

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