Wipro plans entry into solar energy biz

Wipro plans entry into solar energy biz


Wipro plans to build custom-designed solar and other renewable energy plants by entering the green energy technology business, reports agency sources.

India`s third largest information technology services company, is in the process of establishing a team for the renewable energy business through which it will offer customized solutions in areas of solar, small turbines, biogas, biomass fuel and geothermal energy systems.

The company will be seeking shareholder approval for entering the renewable energy business at its annual general meeting on Jul. 16, 2008.

Shares of the company gained Rs 5.25, or 1.04%, to end at Rs 508.85. The total volume of shares traded was 326,660 at the BSE. (Thursday)
 
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