COMMING SOON
LATEST NEWS
SMIORE signs SPA with AV Partners’ entity to acquire controlling interest in Arjas

 

 

-         This acquisition marks SMIORE’sforay into manufacturing of special steels and value-added products.

-         Arjas is a fully integratedspecial steel company and among the top five manufacturers of special steelproducts.

-         Arjas has been valued at an enterprisevalue of ?3,000-crore.

SMIORE has signed a Share Purchase Agreement(SPA) with an entity affiliated with ADV Partners, an Asia-focused privateequity firm to acquire a controlling interest in Arjas. The transaction hasbeen agreed at an Enterprise Value of ?3,000-crore and will be subject to customary regulatory approvals andclosing conditions. Through this transaction, ADV will fully divest itsinterest in Arjas marking another successful exit from its India portfolio.

Arjas is among the top five special steelmanufacturers in India supplying to automobiles sector. The company operatesout of two plants spread across nearly 950 acres – its flagship manufacturingfacility in Andhra Pradesh, and another facility in Punjab – through itswholly-owned subsidiary, Arjas Modern Steel Private Limited. Arjas is currentlyundergoing a major expansion at both its facilities, which will enhance itsconsolidated capacity as well as expand its downstream facilities.

Apart from automobiles, Arjas caters to a hostof other industries, such as energy, railways, defence, engineering, materialhandling, and agriculture.

 


SATO partners with Supreme Industries to drive access to affordable sanitation and hygiene solutions across India


(from left toright – Mr. MP Taparia, Managing Director, The Supreme Industries Ltd.;Ms. Erin McCusker, Senior Vice-President at LIXIL, and Leader of SATO)

New Delhi, July 2024:  SATO, the award-winning social business part of LIXIL anda global leader in innovative sanitation and hygiene solutions, is thrilled toannounce a strategic partnership with Supr   READ MORE...
*****
REI Expo 2021: A Powerhouse of Innovations and Solutions for the Renewable Energy Industry
The 14th editionto be held from 15-17th Septemberat India Expo Mart, Greater Noida

  

Delhi NCR, 06thSeptember 2021: The Renewable Energy India (REI) Expo, Asia’s largest and mostinfluential expo in the RE space by Informa Markets in India, is back this yearin its 14th epicedit   READ MORE...
*****
A clear differentiator





KONE DX Class will not only future-proof yourbuilding with market-leading elevator technology but also inspire, inform, anddelight with an elevator experience – above and beyond anything you haveexperienced so far.

 

KONE India has launched the world’s first,ground-breaking class of digitally connected KONE DX Class Elevators   READ MORE...