The Competition Commission of India (CCI) has approved the proposed amalgamation of Srikalahasthi Pipes (SPL) with and into Electrosteel Castings (ECL) under Section 31(1) of the Competition Act, 2002. The proposed combination is an amalgamation of SPL with and into ECL pursuant to a scheme of amalgamation, such that, post the amalgamation, SPL will dissolve and ECL will be the surviving entity.
ECL is a publicly listed company in India and ultimate holding company of the Electrosteel group of companies. It is primarily engaged in the business of manufacturing and supply of ductile iron pipes, ductile iron fittings and cast iron pipes.
