The companies plan to engage in the business of design, development, manufacture, marketing, sale and service of inverter compressors for room air conditioners, motors for inverter compressors and their associated parts including sourcing of raw materials & components required for manufacturing these products, on such terms and conditions as may be mutually agreed between the parties.
Voltas consolidated net profit dropped 24.9% to Rs 96.56 crore on a 10.1% fall in net sales to Rs 1,772.06 crore in Q3 FY22 over Q3 FY21.
Voltas is Indias largest air conditioning company, and one of the worlds premier engineering solutions providers and project specialists.
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