Yash Birla Group acquires Aircon Engineering Services

The Yash Birla Group today said it has acquired Kolkata-based Aircon Engineering Services marking its foray into the infrastructure space.

The group has formed a new entity--Birla Aircon--which will aggressively focus on power, roads and highways, housing and building work, high voltage transmission lines, border roads, fencing of international borders, link road, slope protection and border outpost and other such infrastructure projects, a press release issued here said.

The company, however, did not reveal the cost of acquisition.

"With India expected to spend around $1 trillion on infrastructure during the 12th Five Year Plan, we see tremendous opportunities for private players to grow in the sector," the company's group finance director, PVR Murthy, said.

The infrastructure sector would be a big space in the next 7-8-years and would witness massive investments, he said.

"We have formed a separate subsidiary Birla Aircon to look at opportunities in the infrastructure space," Murthy said.