Nelcast buys 51% stake in Pritika Group

Subscribe to Oneindia News

New Delhi, Sept 15 (UNI) Nelcast Ltd, maker of superior quality castings, today said it has acquired 51 per cent stake in Himachal Pradesh and Punjab-based Pritika Group of companies.

''We have signed a Memorandum of Understanding (MoU) for the acquisition on Saturday, September 13,'' the Chennai-based firm said in a statement.

Pritika Group is a renowned organisation in tractor and automotive industry. It provides excellence in field of precision machined components out of casting, forgings and bar stock.


Please Wait while comments are loading...