{"id":608724,"date":"2023-10-06T11:57:41","date_gmt":"2023-10-06T06:27:41","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=608724"},"modified":"2023-10-06T11:57:41","modified_gmt":"2023-10-06T06:27:41","slug":"kilburn-acquires-me-energy-for-%e2%82%b999-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/kilburn-acquires-me-energy-for-%e2%82%b999-crore\/","title":{"rendered":"Kilburn acquires ME Energy for \u20b999 crore"},"content":{"rendered":"<p>Kolkata: Kilburn Engineering Limited (KEL), one of the leading manufacturers of drying equipment for various industries, co-promoted by Khaitan\u2019s, is acquiring M E Energy, a waste heat recovery firm. Kilburn Engineering will raise over Rs 100 crore through preferential allotment to fund the acquisition. The company informed stock exchanges about this on Tuesday.<\/p>\n<p>\u201cKilburn is acquiring a 100% shareholding in M E Energy for an approximate consideration of Rs 99 crore subject to due diligence. This strategic move aligns seamlessly with Kilburn\u2019s overarching objective of ensuring sustained, profitable growth and fortifying its capabilities, resulting in an enhanced value proposition for shareholders,\u201d said the announcement. As part of this move, Kilburn Engineering will capitalize on the infrastructure of the waste heat recovery firm, bolstering capacity and revenue streams for both firms. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kolkata: Kilburn Engineering Limited (KEL), one of the leading manufacturers of drying equipment for various industries, co-promoted by Khaitan\u2019s, is acquiring M E Energy, a waste heat recovery firm. Kilburn Engineering will raise over Rs 100 crore through preferential allotment to fund the acquisition. The company informed stock exchanges about this on Tuesday. \u201cKilburn is acquiring a 100% shareholding in M E Energy for an approximate consideration of Rs 99 crore subject to due diligence. This strategic move aligns seamlessly with Kilburn\u2019s overarching objective of ensuring sustained, profitable growth and fortifying its capabilities, resulting in an enhanced value proposition for [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,244,246,137],"tags":[],"class_list":["post-608724","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-pioneer","category-power-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/608724","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=608724"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/608724\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=608724"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=608724"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=608724"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}