Gremach Infrastructure

Gremach board approves stake sale in Mozambique arm

Gremach Infrastructure Equipments & Projects has revealed that compnay’s board members have approved the dilution of 10% of its equity stake in Mozambique mining subsidiary, Osho Gremach Mining.

Osho Gremach, which holds 75% equity stake in the Mozambique coal mines in Moatize region, envisages to commence coal production from the mines by the coming April.

Gremach Infrastructure Equipments & Projects participates in the business of providing construction and earthmoving machinery on rent.

Gremach Infrastructure gets formal approval for setting up SEZ

Mumbai-headquartered Gremach Infrastructure Equipments & Projects has informed that it has got formal approval from Ministry of Commerce & Industry, for setting up a specific economic zone (SEZ) for metal at Gadhinglaz, district Kolhapur.

Gremach Infrastructure Equipments & Projects Limited provides rental of construction/earthmoving machineries to medium/large construction companies in India.

According to sources, the company has taken over full possession of land, where it intends to set up the SEZ.