Breaking News

You are here » Indian-Commodity  :  Top News  :  EMCO to sell solar business to its subsidiary company


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. 

Related News

View all news

Copper futures end higher on Friday

Copper futures edged higher on Friday, with a dip in the dollar helping to steady metal markets after a tough week. The forces that battered metal markets earlier in the week cooled during Friday's session,......

Crude oil futures extend gains to settle higher on Friday

Crude oil futures extended their gains for the second straight session to settle higher on Friday, amid hopes the trade talks between US and China next week will help diffuse trade tensions and reduce......

Gold futures end tad higher on Friday

Gold futures ended slightly higher on Friday, as U.S. dollar weakened a little, relieving pressure on prices. However, the precious metal remained near 19-month lows and looked poised for its biggest weekly......

Top News

View all news

Shriram City Union Finance planning to raise up to Rs 500 crore

Shriram City Union Finance is planning to raise funds up to Rs 500 crore. The company intends to issue and allot on private placement basis 5,000 number of secured non-convertible redeemable debentures......

TCS features as star performer in Digital Workplace Services by Everest Group

Tata Consultancy Services (TCS) has been recognized as a leader and Star Performer for the second year in a row in the Everest Group PEAK Matrix for Worldwide Digital Workplace Services. In an assessment......

Tribhovandas Bhimji Zaveri opening 38th store in Uttar Pradesh

Tribhovandas Bhimji Zaveri is opening its 38th store at G-31 & G-32 consisting of Basement Ground Floor & First Floor Noida, in state of Uttar Pradesh on August 18, 2018.Earlier, the company......