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Article: India: Birla Power plans to enter into Diesel Engine Business Segment.
- Article from:
- TendersInfo
- Article date:
- May 9, 2009
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Byline: prashant03
The Yash Birla group-owned power solutions company, Birla Power Solutions (BPSL), is planning to enter into the diesel engine segment, through an acquisition in the range of Rs 500 crore (USD 101 million) .
The company is presently reported to be in talks with 4-5 domestic and overseas companies, mostly in the unlisted space, and hopes to enter the business in upcoming next 9 to 15 months.
A senior company official said, We have plans to enter diesel generator, petrol, LPG and kerosene segment, but it will be too early to comment on any specific deal.
He further added that, The size of the acquisition will depend on ...