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Illustrative Work
Silverdale India raises US$ 25 million for CWEL
Chiranjjeevi Wind Energy Limited (CWEL) is
one the largest manufacturers of wind turbines in India. The
Company’s manufacturing facilities in South India bring
together state of-the-art technology with fine International
craftsmanship. The Company has installed around 100 nos. of
250 KW and 1 No. of 600 KW WTGs (Wind Turbine Generators) in
the states of Maharashtra, Karnataka and Tamil Nadu in
India.
In March 2008, CWEL raised US$ 25 million through an issue
of 90% equity stake of the company. Silverdale Services
(India) Pvt. Ltd., advised CWEL for raising equity funds for
expansion of wind energy business.
India - A Note
India is a country in South Asia and the
world’s 7th largest by geographical area, forming the major
portion of the Indian subcontinent. It constitutes 7 Union
Territories, 28 states and nearly 600 districts.
India’s constitution, which came in force in 1950, is the
longest and most thorough constitution of any independent
nation in the world. It is the world’s largest democracy
with three branches of governance, the Legislature,
Executive and Judiciary.
It has the 12th largest economy in the world with a GDP of
US$ 906 billion (World Bank, 2006). It is the 3rd largest
country in terms of purchasing power US$ 4.726 trillion
dollars (IMF, 2007) and the second fastest growing economy
in the world in terms of real GDP growth (9.6% for 2007).
India is a prominent and influential member of ASEAN, SAARC
and the WTO and has a huge impact on the politics and
economy of South East Asia. The financial sector reforms in
1991 reduced government control on foreign trade and
investment and increased private participation in industry
and finance, triggering unprecedented growth in all sectors
of the economy. Recently, India has capitalised on its large
pool of educated, English-speaking people and trained
professionals to become an important outsourcing destination
for multinational corporations and a popular destination for
medical tourism. India has also become a major exporter of
software as well as financial, research, and technological
services. Infrastructure is one of the hottest sectors for
investment, with the government spending billions on roads,
airports and special economic zones.
The currency unit is called the Indian Rupee.
Key Facts
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Capital: New Delhi
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Metros: New Delhi, Chennai, Kolkata, Mumbai
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Area: 3,287,590 km2
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Population: 1.20 billion (2009)
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Major languages: Hindi, English and at least 16 other
official languages
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GDP: US$ 1.2 trillion (2009)
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Time zone: GMT + 5:30; BST* + 4:30
* British Summer Time (GMT + 1)
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International dialling code: +91
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For holidays in India, refer ‘Public Holidays
–Silverdale’
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entity bearing 'Silverdale' name is a legally distinct and
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contained herein should not be construed as to place any of
the entities, in the relationship of parents, subsidiaries,
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has any authority, whether actual, apparent, implied or
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