Chennai-based Indowind Energy Limited has informed that the company has acquired 8.25 mw wind farm from Andhra Bank under SARFAESI ACT.

The wind farm, located in one of the best wind sites in India near Mupandal-Aralvaimozhi belt, at Sundarapandiapuram and Sambavarvadakarai village in Nagarkoil & Kanyakumari districtrs of Tamil Nadu.

The wind farm is two years old, and is expected to generate 16 million units electricity and reduce approximately 14, 000 tons of carbon per annum.

Indowind Energy Limited engages in the development and operation of windmill projects in India. The company involves in the generation of wind power, operation and maintenance of wind energy generators, and turnkey operations for windmill projects, including installation, operation, and maintenance of windmills for third parties. It also sells power to state electricity boards and corporate clients.

Last month, the company has announced its numbers for the quarter ended March 2008. The company's March quarter net sales stood at Rs 55 lakh versus Rs 5.41 crore on (QoQ) basis.

During the same quarter, its net profit was at Rs 50 lakh versus Rs 1.38 crore and other income stood at Rs 2.9 crore versus Rs 1.84 crore on QoQ basis.