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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