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HSIL gets nod to acquire Kamakhaya Engineering Works

12 Aug 2014 Evaluate

HSIL has received an approval for acquisition of Kamakhaya Engineering Works, a Proprietorship Firm, having its manufacturing unit situated at 50-A, Shiv Ganga Industrial Estate, Lakeshwari, Roorkee, Haridwar, Uttarakhand, engaged in manufacturing of moulds and dies on a going concern basis for a consideration not exceeding Rs 40 lakhs, subject to terms and conditions set out in the draft agreement. The board of director at its meeting held on August 11, 2014 has approved for the same.

HSIL is one of the leading domestic players in container glass and building products segments. Under the second segment, the company manufactures and trades in sanitaryware products, faucets and wellness products. It has five manufacturing facilities in India, of which three are located in Andhra Pradesh, one in Rajasthan and one in Haryana.

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