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Saravana Global Energy gets equity funding

CHENNAI: Saravana Global Energy Ltd. (SGEL), leading manufacturers of high voltage electro-porcelain insulators, has received an equity investment of $25 million from NYLIM Jacob Ballas India Fund III, LLC, a Mauritius-based private equity investor. The investment would be utilised to finance the setting up of a new state-of-the-art high voltage insulator manufacturing facility. — Corporate Reporter

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