BS, a leading and listed integrated services provider for power transmission and distribution, today announced its plan to acquire synergetic and operative assets from four companies at Rs 9.37 billion that will enable the company to become an end-to-end service provider in the power T&D sector with enhanced capability in tower infrastructure manufacturing and EPC in power and railway.
The company posted a healthy increase of 6.8% in its net profit to Rs 751.9 million on a consolidated basis for FY15 compared with Rs 703.7 million in the last fiscal. Total income for the full year stood at Rs 26.73 billion, up by 15%, compared with Rs 23.20 billion in the previous fiscal.
Shares of the company declined Rs 0.9, or 2.14%, to trade at Rs 41.25. The total volume of shares traded was 207,652 at the BSE (9.55 a.m., Thursday).