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Transformer maker Emco Ltd sold its unit, Emco Energy Ltd, to GMR Energy Ltd, a subsidiary of GMR Infrastructure Ltd. Financial details of the deal were not disclosed by Emco. Emco Energy was in the process of implementing a 300-megawatt thermal power project in the western state of Maharashtra.

 

Emco has unlocked the value to pursue larger opportunities in the power generation business. This strategy takes into consideration the changing power sector environment in which the emphasis is essentially on large size projects.

 

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EMCO Share Price

1.74 0.00 (0.00%)
26-Oct-2021 18:01 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 4050.00
Rail Vikas Nigam 296.30
NCC 160.45
KEC International 559.60
Kalpataru Projects 1240.45
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