TATA invests in GeoDynamics

INDIA’S largest private company Tata Group will pump at least $44.1 million into geothermal energy company Geodynamics.

Brisbane-based Geodynamics yesterday announced a deal to issue 29.4 million shares, equivalent to 11.4 per cent of the company, to Tata Power for $1.50 per share.

Geodynamics to get Tata cash boost | Herald Sun.

This is an important development. TATA in my opinion is one of the most ethical and highly visionary conglomerate in India. With more than $60 B in revenue it is no small company. I am excited to see the increasing trade between India and Australia. There is a potential for both ways – India’s products/money to Australia and Australia’s technology for India’s markets.

Geothermal has a great future, especially in South Australia and hot rocks could turn out to be a major green source of energy in the future.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s