Home News Technical Articles Interviews Cover Story Orders & Contracts
   
Equipment
Power Generation
International
Green Energy
 
NEWS  NEWS

Numeric Power sells UPS business to Legrand

EM NEWS BUREAU ,  Thursday, March 15, 2012, 12:45 Hrs  [IST]

Chennai-based Numeric Power Systems Ltd has reportedly planned to sell its uninterruptible power systems (UPS) division to Legrand at a total value of Rs.837 crore. The business will be transferred to Indo Asian Electric Pvt Ltd, which incidentally was acquired by Legrand SA last year.

Both Legrand and Numeric have understood to have entered into a definitive business transfer agreement. The Chennai-based company will continue to carry out its other businesses like renewable energy (mainly solar and wind), iron foundry production and LED lighting. Numeric currently derives 75 per cent of its revenue from the UPS business. Numeric is likely to keep solar power as its immediate focus. Numeric will also undertake EPC jobs in the solar power space for which it currently has a handling capacity of 25 mw.
 
                 
Post Your RemarkYOUR REMARK
*Name:    
* Email :    
  Website :  

Remark

 
 
           

© 2017 Electrical Monitor. All Rights Reserved.