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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.
Transformers & Rectifiers India has signed a term sheet on November 12, 2024, to acquire a controlling stake in Posco Poggenamp Electrical Steel, a manufacturer of CRGO laminations and built-up cores for transformers.