Voltas to partner Olayan Financing Company

20 Dec 2010

1

Engineering solutions provider Voltas is setting up a joint venture with Riyadh-based Olayan Financing Company to execute electro-mechanical projects in Saudi Arabia.

The 50:50 venture would be operational from April 2011, the Tata Group company said in a filing with the Bombay Stock Exchange (BSE).

"Through this joint venture with Olayan Financing Company, Voltas seeks to leverage its vast experience, track record and expertise for MEP (mechanical, electrical and plumbing) projects in the Kingdom of Saudi Arabia (KSA)," the company said.

Founded in 1947, the Olayan Group comprises of over 50 companies and affiliated businesses. In KSA, Olayan engages in products distribution, manufacturing, services and investments alongside multi-national and regional partners.

Business History Videos

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more