Evonik Energy Services is planning to acquire equity worth about $133 million
(approx 585.2 crore) in various power projects where it is involved as an
engineering and services partner.
The company is likely to make the strategic investments as a minority partner
and will continue to concentrate on its key areas of operations in India -
design and engineering, operations management and providing IT services.
The minority stakes are likely to be in the range of 10-20 percent. Each
investment for plants will not exceed $33.2 million (approx Rs 146.08 crore).
Also See:
Sterlite Energy in pact with Evonik (23-April-10)