WPIL has received an approval for the proposed acquisition of an Alloy and Stainless Steel Castings Foundry in Nagpur from its existing owner Hindusthan Udyog (Promoter Company) on a 'going concern basis' for a lumpsum consideration of Rs 33.64 crore to be paid in cash. The acquisition would enable the company in its backward integration for manufacture of pumps. The board of directors at their meeting held on July 14, 2017 has approved for the same.
WPIL is mainly engaged in the manufacturing of vertical pumps, horizontal pumps, grey iron, castings and sluice valves. The company now offers system engineering and complete solutions to all kinds of water and waste water handling and transportation needs.
