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Maithan Alloys acquires 100% stake in Ramagiri Renewable Energy

14 Jan 2023 Evaluate

Maithan Alloys has received the entire stake (i.e. 100% shareholding) of Ramagiri Renewable Energy on January 13, 2023 pursuant to the provisions of the share purchase agreements as executed with IL&FS Energy Development Company. Consequently, Ramagiri Renewable Energy became wholly-owned subsidiary of the Company with effect from January 13, 2023.

Maithan Alloys engages in the manufacture and trading of ferro alloys in India and internationally. It also involves in the generation and supply of wind power.

Peers
Company Name CMP
Nava 529.05
Indian Metal & Ferro 1105.60
Maithan Alloys 822.90
Indsil Hydro Power 27.15
Chrome Silicon 38.90
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