Kirloskar Electric Company (KECL), promoted by Kirloskar Brothers, Pune, with the technical and financial participation of Brush Electrical Engineering Co., UK, a member of the Hawker Siddeley group is a leading player in Electrical Equipment Industry in India. The company's main products are Electric Motors, AC Machines, DC Machines._x000D_ _x000D_ Incorporated in Jul.'46, the company acquired Voltas Transformers, Pune thus establishing its presence in the cast resin transformers market. Later it has tied up with Wind Energy Group, UK for manufacture of Wind Turbine Generators. The company completed strategic acquisition(at a cost of Rs,8 Crores) of Kirloskar Systems in Dec 15, '97 with a aim of synergy of activity of transformer business with switchgear business. The company has undertaken a business restructuring activity and thereby it has transferred its Rotating Machines Group business to it subsidiary Kaytee Switchgear Pvt. Ltd._x000D_ _x000D_ Its main activity is the manufacture and sale of a diverse range of electrical and electronic equipment - AC induction motors, transformers, AC generators, DC machines, control equipment and systems, power electronic products, instrumentation, automation and controls and industrial electronic equipment. The projects and systems division of the company has specialised in executing system packages for large industries like steel, fertilisers, cement, sugar and other core sectors. KECL has developed its first 40-MVA transformer. It participated in the development of a specialised mobile power set for the Prithvi missiles project, supplied and commissioned 10 cu mtr of excavator electrics, the biggest in the country and a total electric system package to the Maniyar Mini Hydel plant._x000D_ _x000D_ The takeover of Voltas Transformers, Pune, has enabled KECL to establish a significant presence in the cast resin transformers market. KECL has recently diversified into non-conventional energy by tying up with the Wind Energy Group, UK, for manufacture of wind turbine generators._x000D_ _x000D_ In 1999-2000, KEC North American, Inc., USA, became a subsidiary of your company for marketing and distribution organization in North America through the distribution channel of EASA (members of the Electrical Apparatus Service Association) shops. _x000D_ _x000D_ The proposal to form Joint Venture with a Singapore based company did not fructify as the company has started renegotiating the terms and the company has decided not to go ahead with the proposed Joint Venture._x000D_