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Electrotherm acquires Shree Ram Electro Cast

Electrotherm (India) announced that it has entered into a share purchase agreement for acquisition of 100% shareholding of Shree Ram Electro Cast at a consideration of up to INR 850 million.

Shree Ram Electro Cast is a Kolkata based company having manufacturing activities for Pigiorn capacity of 120,000 per annum and power plant of 2.5 MW at Siruguppa in Karnataka.

The transaction is expected to be completed in about 2 months.

Sourced from IRIS.com

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