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Last Updated : Dec 26, 2017 09:44 AM IST | Source: CNBC-TV18

Looking for opportunities in road & cross-country pipeline biz: Power Mech

Power Mech Projects has formed a new joint venture (JV) to support its international operations with Skipper T&D in the Dubai Multi Commodities Centre (DMCC).

CNBC TV18 @moneycontrolcom

Power Mech Projects has formed a new joint venture (JV) to support its international operations with Skipper T&D in the Dubai Multi Commodities Centre (DMCC).

In an interview to CNBC-TV18, S Kishore Babu, CMD of Power Mech Projects spoke at length about the JV.

He said that the JV is to facilitate transfer of funds from Nigeria to Dubai.

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It's a relocation of existing JV from Nigeria to Dubai, he added.

He further said that the project will start in February 2018 and will be completed in two years.

We expect 15 percent growth in revenue next year.

Talking about business, he said we are looking for opportunities in road and cross-country pipeline, said Babu.

Watch accompanying video for more details.

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First Published on Dec 26, 2017 09:41 am

tags #Business

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