According to reports, Hatsun Agro Product, the Chennai-based dairy known for brands such as Arun ice-cream, is scouting for partners in wind power generation.
The company has told stock exchanges that its board of directors have approved investment not less than 26% in a partnership firm, limited liability partnership or body corporate engaged either in windmill or any other mode of power generation.
RG Chandramogan, Chairman and Managing Director of Hatsun, said the company has zeroed in on 3 players, all of whom are in wind energy. “We will finalise the deal in a month,” he said.
Hatsun would use the power for its captive needs. Tamil Nadu has been experiencing a huge power deficit, which has impacted industrial units a great deal.