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Power Mech Projects Ltd has informed the BSE that the board of directors of the company at its meeting held on November 14 has decided to explore business opportunities in Nigeria and other African countries by establishing a joint venture entity in Lagos, Nigeria.
This move is aimed to undertake activities of repair of steam/gas turbine, engineering services, component repair services and related repair services in Africa.
The board has also appointed of Sutanu Behuria as Additional Director, Independent Category, and M Rajiv Kumar as Additional Director-Non Executive Category. It has also accepted the resignation of Rakesh Sony as Director from the board.
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