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Monday 4 July 2011

Oswal Woollen Mills invests in alternative energy sources

India’s leading vertical knitwear producer Oswal Woollen Mills is investing Rs 60-crore (US$ 13.5 million) in a wind power venture in the country’s Tamil Nadu and Karnataka regions. Oswal, which owns the knitwear ‘superbrands’ Monte Carlo and Canterbury, has already signed up to a Rs 350 crore (US$ 78 million) solar energy project which goes on stream in December this year.

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