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Blackstone to invest in Moser Baer project

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Blackstone Group, a US based company, will invest US$ 300 million in Moser Baer Projects Pvt Ltd (MBPPL) by picking up a minority stake in the company. According to Deepak Puri, founder, MBPPL has plans to commission projects amounting to a capacity of 5,000 MW by 2016. Blackstone Group plans to invest close to US$ 1 billion over a couple of years.

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