TARIL acquires 51% stake in Posco-Poggenamp Electrical Steel

Transformers & Rectifiers (India) Ltd (TARIL) has acquired a controlling 51% stake in Posco-Poggenamp Electrical Steel Pvt Ltd (PPESPL), a CRGO laminations processor for transformers and reactors. PPESPL has a CRGO processing capacity of 24,000 tonnes per year.

“TARIL said that it has acquired 137.70 lakh equity shares of PPESL from existing shareholders, aggregating to a controlling 51 per cent stake in the total paid-up share capital of PPESPL.”tndindia.com

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• tndindia.comTARIL acquires controlling stake in Posco-Poggenamp Electrical Steel - Your Gateway to Power Transmission & DistributionT&amp, D IndiaJan 30, 2025

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