×
Home Companies Industry Politics Money Opinion LoungeMultimedia Science Education Sports TechnologyConsumerSpecialsMint on Sunday
×

Yash Birla Group acquires Aircon Engineering Services

Yash Birla Group acquires Aircon Engineering Services
PTI
Comment E-mail Print Share
First Published: Mon, May 23 2011. 05 20 PM IST
Updated: Mon, May 23 2011. 05 20 PM IST
Mumbai: The Yash Birla Group on Monday said it has acquired Kolkata-based Aircon Engineering Services, marking its foray into the infrastructure space.
“We have formed a separate subsidiary Birla Aircon to look at opportunities in the infrastructure space,” the company’s group finance director P V R Murthy said.
Birla Aircon will aggressively focus on power, roads and highways, housing and building work, high voltage transmission lines, border roads, fencing of international borders, link road, slope protection and border outpost, and other such infrastructure projects, a press release issued here said.
The company, however, did not reveal the cost of acquisition.
“With India expected to spend around $1 trillion on infrastructure during the 12th Five Year Plan, we see tremendous opportunities for private players to grow in the sector,” Murthy said.
The infrastructure sector would be a big space in the next 7-8 years and would witness massive investments, he said.
Comment E-mail Print Share
First Published: Mon, May 23 2011. 05 20 PM IST