Thursday, May 13, 2010

XL Tele sees $300-400 mn in 2 yrs from solar JV.

.XL Telecom & Energy Ltd expects revenue of $300-400 million from the joint venture with Spain's SDEM TEGA S.A. in 2 years, executive director K Vasudeva Rao told a television channel on Thursday.

Earlier in the day, the company entered into a joint venture with Spain firm for bidding and executing solar power projects. The company is targeting revenue of 4.5-5 billion rupees in 2010, he added.

The company follows a Jan-Dec fiscal year.