Korea Based Doosan Acquires AE&E's Indian Power Unit
by Charmi Gutka
South Korean firm Doosan Heavy Industries and Construction Company has acquired Austria-based AE&E (Austria Energy & Environment) Group's Indian unit - AE&E Chennai Works Limited for 20.5 Mn Euros (around $28.15 Mn).
With this deal Doosan gets a manufacturing base in India for power plant boilers.
In last few years, Doosan has secured orders for power plants in India and was looking for manufacturing base in India.
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