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Transformers and Rectifiers to make strategic investment in Posco Poggenamp Electrical Steel
Nov-13-2024

Transformers and Rectifiers (India) is all set to make a strategic investment in Posco Poggenamp Electrical Steel by acquiring a controlling stake. To facilitate this, the company has signed a Term Sheet on November 12, 2024. 

This strategic acquisition is designed to optimize supply chain management, improve operational efficiency, and expand the company’s market presence, particularly in the growing energy and infrastructure sectors. It also reflects the company’s ongoing commitment to supporting India’s clean energy initiatives. This acquisition is a major milestone for the company towards the 100% backward integrated company in time to come.

Additionally, the company has signed a long-term supply contract with the electrical steel mills to guarantee a steady supply of mother coils for long term, further securing the reliability of its supply chain. With this acquisition, the company will be fully integrated for CRGO Processing, enabling it to better meet both internal needs and external market demand. This acquisition will also help company to strengthen its EBITDA margins at Standalone as well as on consolidation level.

Transformers & Rectifiers (India) is engaged in the manufacture of a wide range of transformers.

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