Acquires Kolkata-Based Aircon Engineering Services
After education, IT and wellness, Yash Birla Group, the Rs 3,000-crore conglomerate of diversified companies, has marked its foray into the infrastructure space with the acquisition of Kolkata-based Aircon Engineering Services to form a new entity called Birla Aircon.
With the acquisition, the infra entity of Yash Birla Group’s Birla Aircon will aggressively focus on power, road & highways, housing & building work, high voltage transmission lines, border roads, fencing of international borders, Link Road , Slope Protection & Border Outpost.
With India expected to spend around $1 trillion on infrastructure during the 12th Five Year Plan (2012-17), the Yash Birla Group sees tremendous opportunities for private players to grow in the sector. Talking of the rationale behind their entering the infrastructure space, Mr. PVR Murthy of The Yash Birla Group said, “With the kind of infrastructure spending proposed over the next decade, there are ample of opportunities that will come our way. Infrastructure would be a big space in the next seven to eight years and would witness massive investments. We have formed a separate subsidiary Birla Aircon to look at opportunities in infrastructure space. We have an army of highly qualified engineers to execute the infra projects that come our way.”
Aircon Engineering Services has proven ability and expertise in the infrastructure domain and has a host of reputed clients, both government and private, such as National Buildings Construction Corporation Ltd, West Bengal Housing Board, Kolkata Metropolitan Development Authority, West Bengal Housing Infrastructure Development Corporation Ltd, ONGC Ltd, Kolkata Municipal Corporation, Larsen & Toubro Limited. Aircon Engineering Services bagged single orders worth Rs 36 crore from WB Housing Board for a multi-storey building project and a road project worth Rs 15 crore from KMDA.
The Yash Birla Group is an INR 30 Million conglomerate of over 20 diversified companies which run the gamut from established sectors like Auto & Engineering, Textiles & Chemicals and Power & Electricals to emerging sectors of today like Wellness & Lifestyle, Education & IT. Today the group has 9 listed entities in India.
