The Hindu Business Line : Duncan Macneill ties up with Italian co

Assam Company informed the BSE on Monday that the company's wholly owned subsidiary Duncan Macneill Natural Resources Ltd, UK (DMNRL) has entered into an agreement with Torno Investments Ltd of Italy to float a new company, Duncan Macneill Torno Infrastructure Ltd (DMTIL). The notice, however, does not clarify the equity stakeholding pattern of the new company.

DMTIL will be engaged in infrastructure projects in India, such as dams, power plants, highways, roads, railways and buildings. The new company may also explore opportunities in EPC contracts for infrastructure projects or services related to infrastructure projects.

Apart from opportunities in India DMTIL may also explore opportunities overseas if agreed by both Duncan Macneill Natural Resources and Torno Investments.

Torno Investments is a group company of Torno Intenazionale Spa and is one of the leading Italian Civil Engineering Company. Initially Torno specialised in the construction of large dams and hydroelectric power plant. Currently, the activities of the company covers areas of civil engineering such as metro, underground, roads, railways, harbours, airports, water supply sewerage system, civil buildings including construction of traditional electric and nuclear power plants. Torno has successfully implemented a number of projects in Europe Africa and Asia.

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