Blue Circle Services (BCSL) has acquired Enelek Power, a renewable energy company dedicated to delivery to quality and affordability through state-of-the-art solar thermal and solar power products, systems and providing technology solutions and services. Blue Circle Services hereby informs the bourses about acquisition of Enelek Power. After the acquisition, Enelek Power becomes a subsidiary of Blue Circle Services.
Further, BCSL plans to invest about Rs 20 crore in this subsidiary and grow in the business in different products, services and solutions within the solar space.
BCSL is primarily focused on providing their services to the small and medium enterprises. The SME segment is fast growing and yet relatively under-serviced by the financial advisory community.
