VSF Projects has entered into memorandum of agreement (MOA) with PTC India for selling on tolling basis 100% of its power from the proposed 350 MW super critical power project.

Also, the company has engaged lnvestec Bank Plc, Investment Bankers, London, for advising, arranging and raising funds to the tune of $100 million in its WOS VSF Energy Projects, for achieving the financial closure for its proposed 350 MW super critical power project.

Earlier in March this year, VSF Projects had incorporated its wholly owned subsidiary - VSF Energy Projects. The company had also approved the scheme of demerger for hiving off the proposed 350 MW super critical power project at Ankulapatur Village, Chillakur Mandalam, Nellore District, Andhra Pradesh to its wholly owned subsidiary.

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