BS Transcomm has received an approval to dispose off the stake held by the company in Sugan Automatics (SAPL) a subsidiary which is not a material non listed Indian subsidiary. The board at its meeting held on November 12, 2011 has approved for the same.
Recently, the company had received an order, from Central Electricity Regulatory Commission (CERC), New Delhi, granting the inter-state trading license for trading in electricity in whole of India in response to the Petition No.322/2009 filed by the company.
BS TransComm is engaged in the business of manufacturing and supply of towers to the telecommunication and the power sector in India with a pan India presence in 19 out of the 23 telecom circles. It is having eight circle offices throughout India through which it is providing service to the customers in 19 telecom circles.
