Power & Instrumentation (Gujarat) to acquire additional 8.94% stake in Peaton Electrical
Cost of acquisition is Rs 3.13 crore
Power & Instrumentation (Gujarat) has planned to acquire additional 8.94% stake/shares in Peaton Electrical Company, a subsidiary company. Cost of acquisition is Rs 3.13 crore.
By way of the Strategic Investment, the company and Peaton Electrical Company shall collaborate towards product development, new technologies, and preferred relationship for supplies in the area of LT panels, Bus trunking system, Compact Sub stations and other electrical materials business. Peaton Electrical Company would invest to create incremental capacity for Manufacturing of LT panels, Bus Trunking Systems and other electrical materials Business as required by the company.
Power & Instrumentation (Gujarat) is engaged in providing a wide range of contracting based services in the field of Electrical, Mechanical and Instrumentation Engineering.
