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WPIL’s subsidiary acquires 100% stake in Mathers Foundry

11 Jul 2011 Evaluate

WPIL through its international subsidiary - WPIL International (Singapore) has acquired 100% shareholding of Mathers Foundry. With this acquisition it marks historical achievement for the company as it places WPIL at the forefront of pump technology with access to the most sophisticated pump manufacturing materials especially for sea water and the nuclear industry.

Mathers is the leading steel foundry in the world for the supply of high integrity castings to the pump industry with the patent to the ‘ZERON LICENSE’. The company is also one of the few suppliers to the Global nuclear industry with both European approvals and the prestigious NSSA approval to supply to the Chinese Nuclear Industry.

Recently, WPIL formerly Worthington Pumps India had acquired a 51% stake in Sterling Pumps, an Australian Pump manufacturing company. The investments would be used to strengthen Sterling’s manufacturing and product support base and expand the sales of WPIL’s product range in Australia.

WPIL offers system engineering and complete solutions to all kinds of water and waste water handling and transportation needs. The company is mainly engaged into manufacturing of vertical pumps, horizontal pumps, grey iron, castings and sluice valves.

WPIL Share Price

425.20 -13.80 (-3.14%)
11-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Kirloskar Brothers 1666.85
KSB 883.80
Shakti Pumps (I) 555.55
Elgi Equipments 542.30
Kirloskar Pneumatic 1521.10
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