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ISMT gets nod to acquire Adicca Energy Solutions

04 May 2023 Evaluate

ISMT has received approval for acquisition of Adicca Energy Solutions. The objective of acquisition is to acquire requisite approvals for grid connectivity/ connection in relation to power generation via solar energy for captive consumption for all the manufacturing plants of the company. The Board of Directors at its meeting held on May 03, 2023, inter alia, considered and approved the same. 

ISMT is predominantly engaged in the manufacturing of specialty alloy and bearing Steel.


Peers
Company Name CMP
JSW Steel 1246.20
Tata Steel 184.10
Steel Authority 174.40
Jindal Stainless 734.75
APL Apollo Tubes 2105.40
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