Readymade Steel India’s subsidiary -KH Foges, Singapore has successfully completed the acquisition of the entire share capital of PSL Engineering (PSLE) and Rotary Piling (RPL), wholly owned subsidiaries of PSL Holdings, Singapore. The acquisition cost is about Rs 85 crore as per the Share Purchase agreement.
PSLE was incorporated in Singapore in 1984. PSLE is one of the leading foundation engineering company in Singapore specializing in Micro-Pile, Soil Nail, Soil and Rock Anchors etc. RPL was incorporated in Singapore in 1974 having its specialisation in bore piling, civil, mechanical construction and other ground engineering works.
Readymade Steel India is one of the pioneers in introducing the concept of ready to use steel for the construction industry in the country. RMS's product offerings include ready to use steel, primarily re-bars to be used in construction activities in various sectors like roads, power plants, ports, airports, housing, bridges, metros, monorails etc.
