Voltas
enters water treatment business
Business Standard December
19, 2007
Voltas has entered the water
treatment business and undertaken a project at Salt
Lake City in Kolkata.
"It is a pilot project and depending on its success,
we will talk to other municipal corporations to roll
out the business in a bigger way," said a Voltas
company official.
The project in Kolkata is a private-public
partnership between the special purpose vehicle formed
by Voltas and Jisco, a Tata Steel subsidiary, and Nabadiganta
Industrial Township Authority.
The Rs 10-crore project will provide treated water to
the industrial township in sector V of Salt Lake, which
houses offices of TCS and Cognizant. The area did not
have a water treatment facility before this project
was undertaken, said Nabadiganta Chairman S A Ahmed.
Voltas had earlier undertaken a Rs 300 crore sewage
treatment project in Singapore. According to the Voltas
official, the SPV with Jisco has been formed on the
understanding that Jisco, which has experience in water
treatment, will handle public affairs, while Voltas
will look after the engineering aspects.
The company is also looking at the plumbing business
in large projects such as the Hyderabad International
Airport being developed by GMR.
This is a part of the company's mechanical, electrical
and plumbing (MEP) business which, in turn, has been
a gradual extension of the company's industrial airconditioning
business in India.
This is a part of the electro-mechanical segment of
Voltas' business, which contributes 55 to 60 per cent
of the company's turnover of Rs 2,450.78 crore.
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