Electrotherm (India) has entered into a share purchase agreement for acquisition of 100% shareholding of Shree Ram Electro Cast at a consideration of Rs. 85 crore.
Shree Ram Etectro Cast is a kolkata based company having manufacturing activities for pigiorn capacity of 1,20,000 MT per annum and Power Plant of 2.5 MW at Siruguppa, Bellary, Karnataka. The transaction is expected to be completed in about 2 months.
Source :www.biginfotech.in
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