The Rs 3,000-crore Yash Birla Group has forayed into the infrastructure space with the acquisition of a 70 per cent stake in Kolkata-based Aircon Engineering Services worth Rs 10 crore, to form a new entity called Birla Aircon.
Birla Aircon will focus on power, roads and highways, housing, high voltage transmission lines, border roads, fencing of international borders, a statement from Yash Birla Group statement said.
On the rationale behind entering the infrastructure space, Mr P.V.R. Murthy of the Yash Birla Group said, “With the kind of infrastructure spending proposed over the next decade, there are ample opportunities that will come our way.”
Aircon Engineering Services has proven ability and expertise in the infrastructure domain. Its clients include National Buildings Construction Corporation Ltd, West Bengal Housing Board, Kolkata Metropolitan Development Authority and ONGC.