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TATA invests in GeoDynamics
Posted on September 08, 2008
INDIA'S largest private company Tata Group will pump at least $44.1 million into geothermal energy company Geodynamics.Brisbane-based Geodynamics yesterday announced a deal to issue 29.4 million shares, equivalent to 11.4 per cent of the company, to Tata Power for $1.50 per share.Geodynamics to get Tata cash boost Herald Sun.This is an important development. TATA in my opinion is one of the most ethical and highly visionary conglomerate in India. With more than $60 B in revenue it is no small company. I am excited to see the increasing trade between India and Australia. There is a potential ...
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