McNally Bharat Engineering Company Ltd (MBECL) is in talks with the management of an English industrial pump manufacturer for outright acquisition. The target company having manufacturing unit near London has boiler feeding specialised pumps and deep-sea submersible pumps in its product portfolio.

 

MBECL, which has entered the water desalination business through a tie-up with Hiflux of Singapore, is looking to expand in water related technologies. Negotiations for the profit making target are at an advanced stage.

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4.65 -0.04 (-0.85%) Oct 30, 18:01
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