To focus on growing its core business of manufacture and sale and marketing of internal combustion engines and generator sets, Cummins India has approved the sale of its Power Generation Rental Business as a going concern for a total consideration of Rs 29 crore to Pune based Aggreko Energy Rental India.

Also Read   News Now Paper Specials - Sensex slumps 749pts on Satyam fiasco - Govt sees GDP growth at 6.5-7% next fiscal - Neeraj Bajaj quits Bajaj Hindustan board - AP to set up nuclear power plant - Satyam India's own Enron scandal: Analysts - India, US likely to ink aviation safety pact next year More     Also Read   News Now Paper Specials - More lending rate cuts in Feb - Taro challenges Sun Pharma to shareholder referendum - DoT offers compromise on auctions of 3G spectrum - Government to fast-track insurance Bills in Parliament - Making the web talk on cellphones More   Also Read   News Now Paper Specials   - US Election: Obama elected 44th US President - Q2 FY09 Results: Earnings season - Subprime Crisis: US faces economic turmoil - Fighting Inflation : Inflation at a 13-year high - Your Money : Personal finance - Credit Policy : RBI's monetary policy review  More

Aggreko is in the business of renting generator sets in India.

Read Business news in    Prime commercial premise for sale   HP 2133 Mini Note PC: Mini in size, Max in performance   Win a trip to the Malaysian Grand Prix - click here to know more   India's premier online business magazine   Free E-book on The Future of Business Intelligence Advt