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Moneylife Digital Team 15 December 2009

Empower Industries (Rs32)
Empower Industries is supposed to be in the business of ‘information technology resale and systems integration’. It has entered into a strategic, technical and marketing alliance with HTL Co Japan Limited and also formed a joint venture with US-based SPS Inc. The company’s financials are strange. In the March 2009 quarter, revenues were Rs22.24 crore; but, over...

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