Don’t miss the latest developments in business and finance.

Punj Lloyd arm PL Engineering sells UK subsidiary to Mitsui Group company

PL Engineering sold Simon Carves Engineering Ltd to Engineers and Constructors International Inc a design and engineering company belonging to Japan's Mitsui Group

Image
BS B2B Bureau Mumbai
Last Updated : Aug 06 2016 | 12:35 PM IST
PL Engineering Ltd, a subsidiary of Punj Lloyd Ltd, has sold the entire stake in its wholly-owned UK-based subsidiary, Simon Carves Engineering Ltd, to Engineers and Constructors International Inc for $ 2 million.
 
Simon Carves Engineering recorded a turnover of Rs 76.24 crore and accounted for 1.73 percent of Punj Lloyd's total income in the last financial year.
 
The Louisiana (USA) based Engineers and Constructors International is a design and engineering company belonging to Japan's Mitsui Group.

More From This Section

First Published: Aug 06 2016 | 12:25 PM IST

Next Story