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Chennai, Oct 8 Surana Industries Ltd has informed the BSE that a meeting of the board of directors of the company will be held on October 16 to consider starting a 100 per cent owned subsidiary - to be named Surana Power Ltd - which would establish a 100 MW windmill power project in Tamil Nadu.

The financing pattern of the project will be finalised in consultation with the proposed equity capital contributors and the bankers who will be financing it.

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