Points Noted:       Current Liabilities far greater than current assets The estimated expenditure is way less than

that incurred in 2010 and 2011 What are misc. expenditures? What is “UI Charges” in manufacturing expenses The project would work only if the “RECs” would yield additional revenue of at least Rs 2/ Kwh (considering opportunity cost of invested capital to be 20%) Approximately Rs 15 Cr looks to be the value of the deal.

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