AIA Engineering Ltd.

AIA Engineering has acquired 300,000 equity shares of Rs 10 each (being 30% of the paid-up share capital) of DCPL Foundries, Trichy, (DFL) on September 05, 2012 at a price of Rs 10 per share, for a total consideration of Rs 30,00,000.

Further with the acquisition of shares, DCPL Foundries has become a wholly-owned subsidiary (WOS) of the company with the effect from September 05, 2012.

The said WOS Company is having a Foundry with an annual installed capacity of producing 9000 MT per annum of High Chrome Grinding Media Balls. AIA being a leading manufacturer of High Chrome Grinding Media will thus be benefited through this acquisition by augmenting its capacity. 

AIA Engineering is engaged in business of designing, developing, manufacturing, installing and servicing of high chromium wear, corrosion and abrasion resistant parts. These products are mainly used by cement, mining and thermal power generation industries.