MoneyWorks4Me

Simplex Infrastructures acquires 100% stake in Joy Mining Services

14 May 2012 Evaluate

Simplex Infrastructures has acquired 100% equity shares capital of Joy Mining Services India, engaged in the business of underground coal mining services in India with effect from the event date.

Following the acquisition, Joy Group and Simplex have joined hands in expanding the business of underground of coal and other minerals in India.

Simplex Infrastructure enjoys a rich record of industry presence and experience, vital in the business of infrastructure development. The company has seven business segments namely, Ground Engineering, Industrial, Building & Housing, Power, Marine, Roads, Railways & Bridges, and Urban infra.

Peers
Company Name CMP
Larsen & Toubro 3678.50
Kalpataru Projects 1314.50
NCC 117.70
Rail Vikas Nigam 181.70
KEC International 336.00
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