MoneyWorks4Me

Easun Reyrolle’s subsidiary increases its stake in Switchcraft Group LLC

03 Aug 2011 Evaluate

Easun Reyrolle’s wholly owned subsidiary - ERL International Pte, Singapore (ERL International) - has acquired from the existing shareholder additional shares of its subsidiary company, Switchcraft Group LLC. Thus with this the company’s has increased its interest and shareholding in Switchcraft Group LLC, Delaware, USA from 60% to 76% of the paid-up capital with effect from July 01, 2011,.

Switchcraft Group LLC with its subsidiary Companies is  mainly engaged in development and sale of state-of-the-art Medium Voltage Switchgear Products; such Ring Main Units, Embedded Pole Switchgear and Advanced Solid Insulated Switchgears.

Easun Reyrolle is an acknowledged leader in the field of electrical power management. It offers a ‘One Touch Access’ to power system solutions, as a dependable partner to customers, in India and abroad. Easun Reyrolle offers products, system, solutions and services to manage power generation, transmission, distribution or utility segment. It is an ISO 9000-2008 certified company.

Peers
Company Name CMP
Waaree Energies 2490.50
Apar Industries 16909.30
Havells India 1117.50
Suzlon Energy 41.20
Siemens 3660.20
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