Reliance Energy to Spin off EPC Division

ADAG group company, Reliance Energy is planning to spin off EPC division into a separate company.

The engineering, procurement and construction (EPC) division’s revenue was Rs 2094.56 crore in the the year ended March 2007 (FY 2007), almost a third of REL’s total revenue of Rs 5836.62 crore in the same phase. The EPC division contributed about 27% of the profit before interest & tax (PBIT) of Rs 446.12 crore in FY 2007.

When elder brother Mukesh wants a centralized holding company [RIL] , Anil Ambani is doing the opposite – creating more and more companies to get listed on the exchanges and have a bigger daily Satta 🙂