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Shriniwas Power to acquire 51% shareholding in KSB Infraproject

29 Aug 2012 Evaluate

Shriniwas Power and Infrastructure (formerly known as Concurrent (India) Infrastructure) has received an approval to acquire 51% shareholding in KSB Infraproject. Pursuant to this acquisition, KSB Infraproject will become a subsidiary of the company. The board at its meeting held on August 28, 2012 has approved for the same.

Shriniwas Power and Infrastructure operations cater around two businesses viz., power and construction. It also has a significant presence in the construction of hospitals, roadways, commercials, residential complexes, erection, material handling, engineering and power generation’s project.

Peers
Company Name CMP
Larsen & Toubro 4090.00
Rail Vikas Nigam 303.45
NCC 160.20
KEC International 583.05
Kalpataru Projects 1220.05
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