Indo Asian Fusegear corporate communications has told us that the company is foraying into power distribution business. It is setting up a new company Indo Asian Power Distribution and Infrastructure (IAPDIL) with an investment of Rs 25 crore.
Initially the company is planning to work on projects in north India including Uttrakhand, Uttar Pradesh, Rajasthan, Haryana, Punjab and Madhya Pradesh. The initial investment will be made through internal accruals of the company.
Indo Asian Fusegear is a manufacturer of electrical switchgear and lighting equipment.