Shriram Pistons & Rings (SPRL) has acquired 100% equity shareholding in Karna Intertech (Karna) on April 1, 2025 and accordingly, Karna has become a wholly owned subsidiary of the company. Karna is a key supplier of gravity die casting moulds to SPRL, which are utilised in the manufacturing of piston castings. SPRL provides the mould design, which is extremely sensitive and confidential. Karna can produce high-precision items to the greatest levels of quality because of its highly skilled workforce.
In light of the above, and to leverage synergies while catering to the future requirements of SPRL’s existing plants, the acquisition would be beneficial in the long-term growth of the Company.
Shriram Pistons & Rings (SPR) is one of the India's oldest and most reputed industrial houses, recognized by almost all OEMs of India and several OEMs in Europe and Asia.
