Auromatrix to form JV with Mannvit Engineering

Chennai-based Auromatrix Holdings, a hotel development and management company, will form a joint venture with Mannvit Engineering. The joint venture company will be named Auro Mannvit Engineering and Infrastructure Company (AIDC). It will focus on providing engineering and infrastructure development in India, waste management, renewable energy development and civil engineering, in particular. It will also consider providing electronic signals for Indian Railways. The proposed joint venture will invest around Rs 1,000 crore in five years. Contact: Auromatrix Holdings. Tel: 044-2498 8201. Fax: 044-2498 8227. E-mail: info@auromatrix.com Website: www.auromatrix.com