JS Auto Cast Foundry India has entered into a business transfer agreement with Indo Shell Mould Ltd for the purpose
Bharat Forge's step-down subsidiary JS Auto Cast Foundry will acquire the SEZ unit of Indo Shell Mould Ltd located at SIPCOT, Erode in Tamil Nadu, the company said without revealing the amount for which the deal was concluded. Aluminum Injection Mould
The Bharat Forge statement said, JS Auto Cast Foundry India has entered into a business transfer agreement with Indo Shell Mould Ltd for the purpose
"This acquisition strengthens JS Auto's presence in the castings sector, expands the product offering and client base, and enhances its footprint in the Indian manufacturing landscape," it added.
The SEZ Unit with a capacity of 42,000 MTPA, supplies fully machined critical castings to marquee customers in the automotive industry and will operate as the third manufacturing unit of JS Auto, taking its total capacity to 1,42,000 MTPA, the company said, adding that the acquisition will be EPS accretive from the first year itself.
Download the Mint app and read premium stories
Log in to our website to save your bookmarks. It'll just take a moment.
You are just one step away from creating your watchlist!
Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.
Your session has expired, please login again.
You are now subscribed to our newsletters. In case you can’t find any email from our side, please check the spam folder.
Automotive Plastic Injection Molding This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp