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KLG Systel’s management planning for revival of the company

22 May 2013 Evaluate

KLG Systel’s management is in the process of planning a revival. The company has closed all the operations for the time being due to failure of CDR Scheme and NPA status. It is also in talk with SBI to explore revival of the company as the bank had earlier intimated the company that they shall proceed with sale of promoter shares if dues are not paid by May 15, 2013.

KLG Systel provides solutions for IT enablement to organizations in the areas of Oil and Gas, Manufacturing, Retail, Infrastructure, Power, Process, and new economy industries such as Information Technology, Telecommunications and the service sector.

Peers
Company Name CMP
TCS 2079.30
Infosys 1035.00
HCL Technologies 1246.00
Wipro 159.50
Tech Mahindra 1539.00
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