BS, a Hyderabad-based integrated power sector transmission and distribution services provider, has received an approval to acquire businesses from Agarwal Steels Structures India, Durafast Automotive, NHS Metals and Rajesh Sandhi Infras & Metals for a total investment of Rs 937 crore. The board of directors at their meeting held on May 20, 2015 has approved for the same.
These acquisitions cover different operational businesses, including tower manufacturing, manufacturing of components such as anti-theft fasteners, steel structures, transmission line hardware and related EPC contracts. The acquisitions are to be undertaken through slump sale from the respective sellers.
BS (formerly known as BS TransComm) is India’s Leading Infrastructure player in Power Transmission & Distribution and Telecom Managed Services. Today the company is preferred EPC Provider in India, and poised to become a holistic infrastructure provider.
