Kilburn Engineering has secured its Board’s nod to execute binding term sheet with East End Technologies (EETPL) to incorporate a joint venture (JV) company. The JV Company will carry on the business of piping fabrication & erection, structural fabrication & erection, pre-commissioning support for mechanical works, etc. for sectors related to oil/ gas, fertilizers, petrochemicals, steel, etc., in India. The JV Company shall be incorporated and operated as a subsidiary of the company. The company will hold 60% of total shareholding of the JV, while EETPL will hold rest 40%.
The formation of the JV Company is aimed at leveraging the complementary strengths of both the company and EETPL to pursue mutually beneficial business opportunities in the piping fabrication & erection, structural fabrication & erection, pre-commissioning support project sector. The JV Company's business is in line with the company's core operations and will expand its capabilities and market reach.
Kilburn Engineering is an India-based company. The company is engaged in process design, engineering, manufacturing, project management and installation of equipment and systems for various process plants.
