# 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.

- Type: Acquisition
- Announced: 2025-01-30
- Where: India
- Status: completed
- Capacity: 24,000 tonnes per year
- Products: CRGO laminations, electrical steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Transformers and Rectifiers (India) Limited](https://endata.com/companies/15399.md) (acquirer)
- [Posco Poggenamp Electrical Steel](https://endata.com/companies/80931.md) (target)

## Sources

- [tndindia.com](https://www.tndindia.com/taril-acquires-controlling-stake-in-posco-poggenamp-electrical-steel/), 2025-01-30: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.