Elpro International has completed the acquisition of 100% stake in Faridabad Management (FMPL), a Company incorporated under the provisions of Companies Act, 1956. With this acquisition, FMPL is now a wholly owned Subsidiary of the Company. Objects of acquisition are to expand the business operations of the company and to facilitate future business plans of the company. Cost of acquisition is Rs 2.06 crore.
Elpro International is the only one outside the United States to manufacture surge arresters and zinc oxide discs with GE technology, acknowledged to be the best in the world.
