Engineering,Engineering sector projects by Gujarat Apollo Industries in
Project Information
4761
Gujarat Apollo Industries
The Gujarat Based Apollo Group Has Launched A Strategic Joint Venture (JV) With The Ammann Group Of Switzerland. The Ammann Group Now Holds A Controlling Stake Of 70% In Erstwhile The Consolidated Road Construction Equipment Business Of The Apollo Group. This Investment Marks The Entry Of The Ammann Group Into The Indian Market For Road Construction Equipment, Which Is Expected To Grow In View Of The Policy Thrust Of Government On Increasing The Road Network Across The Country. Gujarat Apollo Industries And Its Wholly Owned Subsidiary, Apollo Earthmovers Have Transferred Their Respective Identified Businesses, Being The Entire Product Portfolio Of Asphalt Plants And The Paver Business (Excluding The Crushing And Screening Business) To Apollo Construction Equipments On Slump Sale Basis.
Project Value
Refer document
JV Agreement Signed
Not Specified
India
Engineering,Engineering
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