Larsen & Toubro has completed the ownership transaction related to it’s group company, Audco India (AIL). As a result of this transaction, L&T obtained full ownership of AIL and acquires the key product lines, viz gate, Globe, and Check Valves, Forged Steel GGC Valves, Ball Valves, including Trunnion Mounted Ball valves, Butterfly Valves.
Further, it will retain the manufacturing plants at Manapakkam (Chennai) and Kanchipuram of AIL. The acquisition is in the line with L&T’s overall portfolio rationalization and will help L&T Valve business globally with a comprehensive range of valve offerings. Together L&T and AIL will provide a cutting - edge flow-control solutions to the global oil and gas and power sectors. AIL is a preferred manufacturer for critical valves including cryogenic, low-emission and large-size valves.
Audco, a leading domestic valve manufacturing company, was established by L&T through a joint venture with UK's Audco.
