Date:26/02/2008 URL: http://www.thehindu.com/2008/02/26/stories/2008022660151700.htm

Business - Briefly

Saravana Global Energy gets equity funding

CHENNAI: Saravana Global Energy Ltd. (SGEL), leading manufacturers of high voltage electro-porcelain insulators, has received an equity investment of $25 million from NYLIM Jacob Ballas India Fund III, LLC, a Mauritius-based private equity investor. The investment would be utilised to finance the setting up of a new state-of-the-art high voltage insulator manufacturing facility. — Corporate Reporter