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Wednesday, June 2, 2010

Hindujas plan up to $1 bn Saudi IPO of Petromin

Indian family-owned Hinduja Group plans to launch lubricants maker Petromin's initial public offering in Saudi Arabia to raise $800 million to $1 billion this year, group officials said on Wednesday.

The group also plans to build 10,000 megawatt of thermal power in India over five years, an official told reporters.

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