MoneyWorks4Me

Advance Metering Technology acquires 51% stake in R S Infosystems

24 Oct 2013 Evaluate

Advance Metering Technology has acquired 51% stake in R S Infosystems at a total cost of Rs 30.09 million. R S Infosystems is in the process of completing its project for building an office complex in Noida Uttar Pradesh.

Advance Metering Technology engages in the generation of power from renewable energy sources in India. The company focuses on producing electricity through wind, hydro, bio-fuel, and solar energy sources. It also manufactures a range of energy meters, as well as provides energy audit/management services.

Peers
Company Name CMP
Bharat Heavy Elect. 438.30
Thermax 3299.00
Kirloskar Industries 3486.60
Skipper 534.55
INDO-MIM 1255.10
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