Aditya Birla group owned Grasim is forming a joint venture in India with Germany-based Maschinenfabrik Reinhausen for manufacturing and selling composite hollow core insulators (CHCI) that caters to industries like the power transmission and distribution industry globally, Grasim announced on Tuesday.

— The Economic Times

The joint venture named as Aditya Birla Power Composites is set to lay out around INR 100 crores to open a facility in Halol, Gujrat to foray into the composite hollow core insulator segment.

PDS Legal advised Maschinenfabrik Reinhausen GmbH led by a team of partner Monika Deshmukh, senior associate Pooja Radia, associate Karun Jhangiani.

Khaitan & Co represented Aditya Birla Group led by partner Nikhilesh Panchal, principal associate Purti Minawala and associate Chintan Aashwini.

2019-10-22

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