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Shri Bajrang Alloys acquires Shri Bajrang Agro Processing

15 May 2019 Evaluate

Shri Bajrang Alloys has acquired 100% Equity shares of Shri Bajrang Agro Processing (Formerly known as Shri Bajrang Steel and Power) on May 14, 2019. This transaction would enable Shri Bajrang Alloys to expand its food products business with a view to harvest significant synergies and for further expansion and creation of employment.

Shri Bajrang Alloys is recognized as one of the largest structural rolling mills in Chattisgarh, India. Bajrang Alloys rolls a complete range of products like Beams / Joists, Channels, Angles and custom built items.

Peers
Company Name CMP
JSW Steel 1169.00
Tata Steel 173.60
Steel Authority 171.50
Jindal Stainless 707.85
APL Apollo Tubes 2105.10
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