Skip to main content

BS Enviro Solutions Acquires Majority Stake in Skywater India


BS Enviro Solutions and Harbinger Capital Partners form Joint Venture to Provide Water Generation Technology throughout India

Hyderabad 04 March 2013: BS Enviro Solutions Ltd, a subsidiary of BS Limited, today announced that is has reached an agreement to acquire a majority (51%) stake in Harbinger Capital Partners’ Skywater India Pvt Ltd. (“Skywater India”).

Skywater India manufactures and installs advanced air to water generators in areas with little or no access to clean drinking water.  Through its investment, BS Enviro will become the local operating partner of the business and will assume responsibility for the day-to-day management of Skywater India.  This joint venture marks the BS Enviro Solutions foray into the potable/ renewable water generation segment.

Foreseeing the huge potential in the potable water generation segment, BS Enviro solutions will leverage Skywater India’s license for patented, unique technology which generates water from the atmosphere. The sophisticated atmospheric water generator produces ozone treated pure drinking water from moisture in the air and is highly energy efficient. It converts water vapor in the air into fresh and clean water and can produce anywhere from 700 liters to more than 1200 liters per day.

The joint venture with Harbinger Capital Partners will position BSES to work with local governments across India to help meet the pressing need in villages across the country for safe and adequate drinking water. Apart from India, BSES will also have access to markets in Malaysia, Singapore, Brunei, Cambodia, Laos & Myanmar.

 “We look forward to work with Harbinger Capital Partners to tap into the huge opportunity of helping India’s rural communities’ access clean water and improve the health of their citizens.” said Mr. Rajesh Agarwal, Chairman & Managing Director, BS Limited.

Sanjay Sultania, Promoted & Managing Director, BS Enviro Solutions Ltd said “Skywater’s unique technology will provide access of clean drinking water to multitudes of citizens who have little or limited access to safe drinking water. We aim to bring in innovative ideas to create solutions for affected citizens.”
“We are pleased to enter into this partnership with BS Enviro Solutions, and believe  Chairman Rajesh Agarwal and Managing Director Sanjay Sultania have the unique operational experience, deep network and local knowledge to lead the next stage of Skywater India’s growth,” said Keith Bernard, Chief Operating Officer of Applica Water Products, Skywater India’s U.S. based affiliate. 
 # #
About BS Enviro Solutions Pvt Ltd
BS Enviro solutions Ltd, a subsidiary of BS Limited, incorporated in 2012 to cater to the group’s interests in Water & Waste Water and Solid Waste Management solutions. Co-promoted by BS Limited, led by Chairman & Managing director Rajesh Agarwal and Sanjay Sultania. Our vision is to provide multi-disciplinary environmental management solutions in Liquid and solid waste which include handling & recycling of hazardous waste, e-waste, medical and water & waste water. An integrated common facility which will facilitate treatment of hazardous, e-waste and bio medical waste and recycling is also being expedited.

About Harbinger Capital Partners
Harbinger Capital Partners is a multi-billion dollar private investment fund based in New York which employs a fundamental approach to investing. Harbinger Capital Partners is led by Philip A. Falcone who has been the Chief Executive Officer and Chief Investment Officer of funds affiliated with or managed by Harbinger Capital Partners since 2001. Mr. Falcone has more than 20 years of investment experience across an array of market cycles.

About BS Limited
A leading Infrastructure provider, BS Limited, (formerly known as BS TransComm Ltd), has been augmenting its core business in Power Transmission & Distribution and Passive Telecom infrastructure and has expedited its presence in Mineral Resources and Environmental Management. The Company has an Integrated Business model in its core business, Power & Teleservices, with nationwide EPC strength for executing Turnkey projects. Headquartered in Hyderabad, BS Limited has PAN India Presence with more than 1000 employees. The Tower manufacturing facilities are located near Hyderabad with an annual installed capacity of 2, 40,000 MTPA. The company is certified with Quality Management (ISO 9001:2008), Environmental Management (ISO 14001:2004) and Occupational Health and Safety (OHSAS 18001:2007). 

Comments

Post a Comment

Popular posts from this blog

Smallcase Platform: 2025 Wealth Creation Strategies to Achieve Your Investment Goals

  By Dr. Vikas Gupta, CEO and Chief Investment Strategist, OmniScience Capital In the intricate world of finance, wealth creation is a universal aspiration among investors, though few truly attain it. With a plethora of investment products, philosophies, and strategies available, the challenge is identifying an approach that not only offers returns but also minimizes risk. At OmniScience Capital, we believe the key to successful wealth creation lies in a scientific and disciplined investment strategy. Our unique offerings, rooted in the principles of Scientific Investing, are designed to help you achieve your financial goals with confidence. Pioneering Global Investing and Outperforming on Smallcase Platform OmniScience Capital, a global investment management firm specializing in global and Indian equities, is a pioneer in global investing and growth vectors such as Defense and Digital Transformation. Our strategies have consistently identified and capitalized on growth vectors tha...
Post a Comment
Read more

India’s Economic Slowdown: Navigating Challenges with Resilience and how planetary alignments are suggesting an optimistic economic outlook

 By Aryan Prem Rana, Founder, VRIGHT PATH GROUP (www.vrightpath.com ) India, the world’s fastest-growing major economy, faces a challenging phase as GDP growth slows. The latest figures show Q2 growth dipping to 5.4%, the lowest in seven quarters. This decline comes as 63 of the Nifty 100 companies miss revenue estimates, raising concerns about underlying economic health. Growth Engines Sputtering The economic slowdown is most pronounced in key sectors: • Manufacturing growth has dropped to 2.2%, a sharp decline from last year’s 14.3%. • Urban consumption, a cornerstone of economic growth, is weakening. Industry stalwarts such as Reliance, HUL, and Maruti have seen market corrections of 15-23%. RBI’s Balanced Approach The Reserve Bank of India (RBI) has responded with measured policies, holding the repo rate steady at 6.5% for the eleventh consecutive meeting. This neutral policy stance balances inflation control with growth needs. In a key liquidity-boosting move, the RBI redu...
Post a Comment
Read more

Press Release: Prachay Capital Limited (Company/ Issuer / Prachay Capital) Announces Public Issue of Secured NCDs

Prachay Capital Limited, an RBI-registered Non-Banking Financial Company – Investment and Credit Company (NBFC-ICC), has announced the public issue of its Secured, Rated, Redeemable Non-Convertible Debentures (NCDs) to raise up to ₹100 Crore. The BBB-/Stable CRISIL-rated NCDs offer investors a 13% p.a. return with monthly interest payments, making it a fixed-income investment opportunity. The proceeds from this issue of NCDs will be primarily used for the stated fund utilization. Speaking about the issue, Mr Girish Murlidhar Lakhotiya, Managing Director, Prachay Capital Limited said: "This NCD issue is a key step in Prachay Capital’s expansion strategy. With our focus on structured corporate lending and investment in private debt instruments, we aim to generate strong and sustainable returns for our investors while maintaining a robust financial profile. Prachay Capital has zero delays in servicing liabilities and has Gross NPA of 0% on its Assets Under Management (AUM). The Compa...
Post a Comment
Read more