It is reported that Leitner Shriram Manufacturing, a 49:51 JV between Shriram EPC and Dutch firm Leitwind BV, will manufacture wind turbines in its Gummidipoondi plant near Chennai from April 2008.

The INR 200 crore projects will make 1.3 MW and 1.5 MW wind turbines.

Shriram EPC will raise capital of between INR 145 crore and INR 166 crore from an initial public offer to partly finance the proposed project.