ElectroMech Material Handling raises Rs 45 cr

Motilal Oswal Private Equity Advisors has invested Rs 45 crore in ElectroMech Material Handling Systems (India). The amount will be used for capex and expansion plans. Electromech is engaged in the design, engineering, manufacturing and installations of EOT cranes, gantry cranes, electric wire rope hoists, jib cranes and customised material handling solutions. Contact: ElectroMech Material Handling Systems (India) Pvt Ltd. Telefax: 020-6654 2222. Website: www.emech.in