LEEL Electricals has received approval for the sale of business of Railways HVAC and Engine Oil Cooling Systems being manufactured by the Company at its plants located in Bhiwadi, Rajasthan and Haridwar, Uttarakhand on such terms and conditions as may be agreed between the Company and Buyers in best interest of the shareholders and other stakeholders of the Company.
The Board of Directors of the Company at its meeting held on April 22, 2019 has approved the same.
LEEL Electricals (formerly known as Lloyd Electric and Engineering) is the largest producer of coils / heat exchangers (fin and tube type) in India, serving the entire spectrum of HVAC & R industry in the country as well as OEM’s in North America, Europe, Middle East and Australia.
