Wednesday, December 11, 2024

Shriram Pistons & Rings to acquire TGPEL Precision Engineering in Rs 220-cr deal

Shriram Pistons & Rings Ltd (SPRL) is set to acquire TGPEL Precision Engineering for Rs 220 crore. This acquisition expands SPRL's manufacturing capabilities in high-precision injection molded components and diversifies its product portfolio beyond internal combustion engine powertrains. TGPEL, with two Noida facilities, serves automotive, electrical, consumer goods, and medical sectors.

from Auto-Industry-Economic Times https://ift.tt/VzvjLIJ

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