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Triveni Engineering gets nod for acquisition of 100% stake in United Shippers & Dredgers

04 Feb 2021 Evaluate

Triveni Engineering has received approval from board of directors for acquisition of 100% equity shares of United Shippers & Dredgers and to make it a wholly owned subsidiary of the Company. The Board of Directors of the Company at their meeting held on February 3, 2021, has considered and approved the same.

Triveni Engineering & Industries is a focused, growing corporation having core competencies in the areas of sugar and engineering. The Company is one amongst the largest sugar manufacturers in India and the market leader in its engineering businesses comprising high speed gears, gearboxes, and water treatment solutions.

 

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