Our Regional Bureau / Chennai/ Hyderabad March 06, 2006
Hyderabad-based KLR Industries Limited is forging a tie-up with Zambia-based Sulmach to offer cost-effective, reliable technological solutions in the area of borehole drilling.
KLR Industries has a joint venture agreement with Sulmach, and both the companies will enter into a memorandum of understanding towards this extent shortly.
K Lakshma Reddy, chairman and managing director of KLR Industries Limited, in a statement said that the Indian market for borehole drilling was near to saturation and that Africa offered excellent opportunities for Indian companies to tap the potential in the African continent.
KLR Industries is a manufacturer of borehole drilling equipments, tools and accessories, informed a press release.
KLR Ind, African firm to ink MoU shortly
Our Regional Bureau / Chennai/ Hyderabad Mar 06, 2006, 21:09 IST
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