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Greaves Cotton liquidates step down subsidiary

23 Jun 2017 Evaluate

Greaves Cotton Middle East (FZC), a step down subsidiary of Greaves Cotton, which was registered at Sharjah Airport International, UAE, has been liquidated. During the year 2016-17, Greaves Cotton Middle East (FZC) recorded total revenue of Rs 0.34 crore and loss of Rs 0.24 crore. The liquidation/closure of Greaves Cotton Middle East (FZC) would reduce the expenditures and also the compliance obligations.

Greaves Cotton, a Rs 1800 crore, multi-product, multi-locational company is one of the leading engineering companies in India with core competencies in diesel/ petrol engines, farm equipment and Gensets.

Peers
Company Name CMP
Cummins India 4828.10
Kirloskar Oil Engine 2243.65
Greaves Cotton 221.00
Swaraj Engines 3522.85
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