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Shirdi Sai Electricals Limited inaugurated a new plant near Kadapa, Andhra Pradesh, for manufacturing energy-efficient amorphous metal distribution transformers, with a capacity of 600 transformers per day. The company also signed an MOU with Hitachi Metals Ltd.
Hitachi Metals, Ltd. announced it will acquire all shares of its subsidiary Hitachi Metals MMC Superalloy, Ltd. held by Mitsubishi Materials Corporation, making it a wholly-owned subsidiary. The share transfer is scheduled for October 2, 2017, to strengthen the aircraft and energy materials business.