Dodsal acquires Chennai's AE&E IDEA
- MoP on appointments: SC puts its foot down, rejects Govt plan to veto postings on national security grounds
- It will be a murder case, sir, Air India staffer pleads; let it, there are many cases against me, replies Shiv Sena MP
- Mecca Masjid blast: NIA may not contest Aseemanand bail
- MSU diary with sadhus as inventors brings disrepute to India: Ex-student, Nobel Laureate
- Ajmer dargah blast: Convict Sunil Joshi met Yogi Adityanath, suspect told NIA
UAE-based engineering, procurement and construction company Dodsal Group has acquired Chennai-based AE&E IDEA (India) Private Limited, it was announced here on Tuesday.
The acquisition adds to Dodsal's growing portfolio and improves its project execution capabilities in the engineering, procurement and construction sectors.
In its 27 years, AE&E IDEA (India) Pvt Ltd has established its presence in the power, oil and gas and infrastructure sectors and complements and enhances Dodsal's engineering division's own strengths in the fields of oil and gas, power, pipelines, infrastructure, exploration & mining.
Rajen A Kilachand, the Chairman and President of Dodsal Group, said the acquisition is a strategic fit and further strengthens the company's existing business footprint in the energy, industrial and infrastructure sectors.
"It opens a new window to provide comprehensive solutions and deliver path-breaking technological development in the engineering, procurement and construction space. With huge investments expected in the energy and power sector, we are confident that the synergies with this acquisition will help us to achieve our core mission of serving customers globally," he said.
The enhanced engineering expertise augments the engineering capability within Dodsal's existing business line, providing areas for exploring value engineering options and providing customers more cost-effective EPC business solutions, which sync perfectly with a deeper strategy at Dodsal to execute EPC projects with in-house engineering resources.
- Narendra Modi’s political style is similar to that of Indira Gandhi — as will be his challenges
- With BJP in power in three Northeastern states, a chance to solve the Naga problem
- India must initiate urgent reform of its archaic defence structures
- RSS has done exemplary social work. It’s now time for it to decolonise the Indian mind
- The duty to practise tolerance
- New National Health Policy checks some boxes but sidesteps basic concerns