Kalyani group has entered into the wind energy sector with the acquisition of Germany-based RSBconsult.RSBconsult is a design and consulting house in wind energy industry having end-to-end design capability of wind turbine systems.
The Kalyani group plans to target the renewable energy market. It will initially focus on Europe and India and by 2010 expand to other key markets such as US and China.Shares of Bharat Forge, the flagship company of Kalyani group, closed 3.78 per cent higher at Rs 274.50 on the news.
Read more in The Economic Times article.
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