The BM Khaitan-controlled Williamson Magor Group’s engineering arms and transmission tower maker EMC Ltd are being merged to create a giant engineering joint venture with a turnover of Rs 6,000-7,000 crore. According to a notice sent to stock exchanges, EMC, McNally Bharat Engineering (MBEL) and McNally Sayaji Engineering (MSEL) will merge into Kilburn Engineering.
While EMC is controlled by Manoj Toshniwal, Williamson Magor group owns MBEL, MSEL and Kilburn Engineering. According to some sources, the merged entity will be jointly run by the Khaitans and Toshniwal. The Khaitans and Toshniwal declined to comment on the issue. If approved, the merged entity will become a complete solution provider for power plants as well as power transmission units, material handling and specialised drying equipment.