MoneyWorks4Me

OM Metals to buy balance 50% stake in Om Metals-SPML Infraprojects

06 Dec 2017 Evaluate

OM Metals Infraprojects has agreed to acquire remaining 50% shareholding of Om Metals-SPML Infraprojects thereby making the company as its wholly owned subsidiary.

This acquisition will help the company to carry on the EPC business of turnkey construction contracts comprising of civil structures, Engineering, procurement, manufacture, supply, installation and commissioning contracts for Hydro-mechanical equipments.

OM Metals Infraprojects is a conglomerate having diverse business activities and interests related to Hydro mechanical equipments, turnkey solutions for steel fabrication, Hydro power developments, Real Estate, Entertainment centers and Hotels.


Peers
Company Name CMP
Larsen & Toubro 3850.00
Kalpataru Projects 1375.25
NCC 137.30
Rail Vikas Nigam 198.90
KEC International 406.80
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