g i power corporation ltd Management discussions


GI POWER CORPORATION LIMITED ANNUAL REPORT 2004-2005 MANAGEMENT DISCUSSION AND ANALYSIS OPERATIONS: The Company has successfully negotiated and acquired 16 Wind Energy Generators of 600 KW each (9.6MW) situated at Jogimatti Hills, Distt. Chitradurga in the State of Karnataka from Tata Finance Ltd. for a net consideration of Rs. 38.72 crores. The Lease agreement with Tata Finance Ltd. has since been terminated. The Company has also sold off its investment in Equity and Preference Capital of GI Wind Farms Ltd. during the period under review.