Wipro eyes solar, green energy

Indias Wipro Ltd. plans to build custom-designed solar and other renewable energy plants by entering the green energy technology business that is dominated by players such as Tata BP Solar Ltd. and Suzlon Energy Ltd. and attracting the likes of Reliance Industries Ltd. and Moser Baer Pvt. Ltd. The Bangalore company, which makes a range of products from soaps to computers and runs the countrys third largest information technology services business, is in the process of setting up a core team for the renewable energy business through which it will offer customized solutions in the areas of solar, small turbines, biogas, biomass fuel and geothermal energy systems. We are at a stage of exploring various concepts and renewable energy is one of them, said Anurag Behar, managing director of Wipro Infrastructure Engineering Ltd., without disclosing a launch date for the business. The company will be seeking shareholder approval for entering the renewable energy business at its annual general meeting on July 16. (May 16, 2008)