• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Mumbai, Sept. 12

Patel Engineering Ltd has acquired a controlling stake in the Mumbai-based Michigan Engineers Pvt Ltd (MEPL) for an undisclosed sum. MEPL is an urban infrastructure company; its specialities include underground works and foundations, atypical dredging, bridges, specialised sewer rehabilitation works and other heavy civil works, said a statement from Patel Engineering.

Patel Enginnering with its speciality in micro-tunnelling will find in MEPL a platform to leverage the joint skills of the two companies and bid for urban infrastructure and sewerage projects, said Mr Rupen Patel, its Managing Director. The company can focus on the explosive growth in urban infrastructure in both metro and tier-II cities, he said.

More Stories on : Mergers & Acquisitions | Infrastructure | Engineering

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Hyundai to set up R&D centre in Chennai

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line