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WPIL acquires 100% stake in Mody Industries

28 Mar 2013 Evaluate

WPIL has acquired 100% stake in Mody Industries (F.C) (MODY PUMPS), a pump manufacturing and marketing company operating in Thane, Maharashtra, thereby making it its wholly subsidiary. The acquisition will allow WPIL to further strengthen its product offering and penetrate into the sewage and dewatering market sector.

Mody Pumps is pioneer in the field of dewatering sewage submersibles and is preferred brand in the market place besides being the only approved dewatering brand with the Indian Navy.

WPIL offers system engineering and complete solutions to all kinds of water and waste water handling and transportation needs. The company is mainly engaged into manufacturing of vertical pumps, horizontal pumps, grey iron, castings and sluice valves.

Peers
Company Name CMP
Kirloskar Brothers 1772.00
Elgi Equipments 602.95
Shakti Pumps (India) 466.85
KSB 817.95
Oswal Pumps 275.15
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