Tecnimont Private Limited and Metal Craft Constructors Private Limited have formed a joint venture aimed at improving construction efficiency for upcoming projects in India.
Information on the Target
Tecni and Metal Private Limited is a newly established joint venture between Tecnimont Private Limited (TCMPL) and Metal Craft Constructors Private Limited (MCCPL). In this partnership, TCMPL holds a 51% stake, while MCCPL retains 49%. The JV is designed to serve as an in-house operational arm focused on construction and mechanical works. This initiative is aimed at enhancing the efficiency and execution of upcoming projects under the Maire Tecnimont Group in India and potentially in other regions in the future.
The collaboration leverages the extensive planning and construction management expertise of TCMPL, combined with MCCPL’s rich experience in providing specialized personnel for various phases of complex industrial plant projects. These phases include mechanical, civil, and construction work, along with erection and pre-commissioning segments.
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Industry Overview in India
The Engineering, Procurement, and Construction (EPC) sector in India has been experiencing substantial growth in recent years, driven by increased investments in infrastructure and industrial development. The Indian government's push toward
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Tecnimont Private Limited
invested in
Metal Craft Constructors Private Limited
in 2022
in a Joint Venture deal