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Veer Energy gets order from Chinese company for infrastructure development

According to reports, Veer Energy has secured an order from a Chinese company called Foshan Crown Import & Exports for doing the infrastructure development related to a 30 MW wind farm that the Chinese company will put up.

The order is to be executed over two years. Veer expects the order to fetch revenues of Rs 34.50 crore.

Veer will undertake jobs such as foundation and building power evacuation lines for the project, Yogesh Shah, Managing Director, told Business Line today.

This order is similar to another one that the company executed in Gujarat for a 55 MW wind farm.

Veer Energy did the infrastructure development for the wind farm but today owns only 2.1 MW in the farm and the power evacuation lines, Shah said.

For the quarter ended June 2012, Veer Energy achieved a turnover of Rs 14 crore, on which it made a net profit of Rs 1.70 crore.

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