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VSF Projects to Raise R150cr Through QIP------------------ PLEASE CHECK

  • VSF Projects Limited is planning to raise R150Cr through QIP for investment in its wholly owned subsidiary VSF Energy Projects Pvt. Ltd.According to annual report 2011, the company has got approval to setup 350Mw super critical thermal power project at Nellore district.In March 2011, the company incorporated VSF Energy Projects Private Limited as a special purpose vehicle to develop energy projects.VSF Projects was incorporated in 1992 as Vijaya Shrimp Farms & Exports Limited to carry on the business of aqua culture with a 100% EOU status. Due to viral problems and climatic conditions the company has diverted into the field of Infrastructure in the year 2005.The company is engaged in infrastructure, civil and engineering works. The Company has also entered into MOA with PTC India Ltd for selling on tolling basis 100 % of its power from the proposed 350 MW Super Critical Power Project.

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