Sterling and Wilson acquires 51 per cent stake in Italian STC Group

Shapoorji Pallonji Group´s Sterling and Wilson (S&W), bought 51 per cent stake in STC Power and 55 per cent stake in Co.Stell, two operating companies of Italian-based STC Group. This acquisition will help in establishing the company in the gas power plant segment. It also lays the platform for S&W to become a significant global player in the gas-based power plant business. Contact: Sterling and Wilson. Tel: 022-2548 5300. Fax: 022-2548 5331. Website: www.sterlingandwilson.com