Elecon Engineering signs MoU with Government of Gujarat

Elecon Engineering Company Ltd has announced that the Company has signed a Memorandum of Understanding (MoU) with the Government of Gujarat (GoG) at the Vibrant Global Investors’ Summit 2007 held on January 13, 2007 for its proposed investments of around Rs 400 Crores for manufacturing Windmill Gearboxes, setting up to wind farms and fabrication of various kinds of blocks for ship building thereby creating employment for around 1000 people.

In order to enable the Company to implement the above project, GoG represented by Industries & Mines Department, will facilitate the Company to obtain necessary permission / registration from concerned departments of the State and the Central Government. GoG will also help the Company in availing incentives under various schemes announced by the State / Central Govt., wherever applicable.

Source : Equity Bulls

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