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Khaitans buy Humboldt subsidiary for price Rs 80 cr

Posted on 24 August 2009 by Nancy

BM-Khaitan-GroupBM Khaitan-controlled Williamson Magor (WM) group has officially  got KHD Humboldt Wedag International’s wholly-owned
subsidiary, Minerals Technology, Humboldt Wedag Coal.They busy in the business of supplying machines to the coal and mineral-processing industry.

McNally Bharat Engineering Co, Khaitan group’s engineering firm came in purchase agreements with the German firm. This is to buy out the latter’s engineering workshop on Cologne and In West Bengal, business on its Kharagpur unit was extimated and consider of $16 million ie 80 crore approx.

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