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10-Aug2018

EMCO to sell solar business to its subsidiary company

EMCO has received an approval for sale and transfer of entire 5 MWp Solar Business of the company to its wholly owned subsidiary -- EMCO Infrastructure on slump sale basis. The Board of Directors of the company at their meeting held on August 09, 2018, approved the same.

The lump sum equity consideration would be not more than Rs 15 crore. EMCO Infrastructure is primarily incorporated for power generation, transmission and allied business through renewable energy.

EMCO is engaged in manufacturing power equipment's and is the third largest manufacturer of transformers in India. The company has also diversified their business by manufacturing electronic energy meters EMCO provides innovative technologies, solutions, products and services to a wide range of customers in the transmission and distribution sector. 


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