JS Auto Cast acquires SEZ unit of Indo Shell Mold
Equipment

JS Auto Cast acquires SEZ unit of Indo Shell Mold

Auto parts maker Bharat Forge has announced that its subsidiary JS Auto Cast Foundry India has acquired the special economic zone unit of Indo Shell Mold , based in SIPCOT, Erode, Tamil Nadu, for an undisclosed sum.

JS Auto Cast Foundry India has entered into a business transfer agreement with Indo Shell Mold Ltd for this purpose, Bharat Forge said in a statement.

"The acquisition strengthens JS Auto's presence in the foundry industry, expands its product offering and customer base, and strengthens its presence in the Indian manufacturing sector," it added.

The SEZ unit with a capacity of 42,000 MTPA will supply fully machined critical castings to prominent customers in the automotive industry and will serve as the third manufacturing unit for JS Auto, bringing the total capacity to 1,42,000 MTPA, the company said, adding that the acquisition will be Ego EPS increases from the first year.

Auto parts maker Bharat Forge has announced that its subsidiary JS Auto Cast Foundry India has acquired the special economic zone unit of Indo Shell Mold , based in SIPCOT, Erode, Tamil Nadu, for an undisclosed sum. JS Auto Cast Foundry India has entered into a business transfer agreement with Indo Shell Mold Ltd for this purpose, Bharat Forge said in a statement. The acquisition strengthens JS Auto's presence in the foundry industry, expands its product offering and customer base, and strengthens its presence in the Indian manufacturing sector, it added. The SEZ unit with a capacity of 42,000 MTPA will supply fully machined critical castings to prominent customers in the automotive industry and will serve as the third manufacturing unit for JS Auto, bringing the total capacity to 1,42,000 MTPA, the company said, adding that the acquisition will be Ego EPS increases from the first year.

Next Story
Infrastructure Energy

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000