IndiaRF acquires majority stake in Fine Edge Engineering for about ₹2,000 crore
India Resurgence Fund has acquired a majority stake in Ashok Iron Works' engineering business, betting on rising demand for large engine components amid the global manufacturing and data centre boom.
The News Flicker
India Resurgence Fund has acquired a majority stake in Ashok Iron Works' engineering business, betting on rising demand for large engine components amid the global manufacturing and data centre boom.
The acquisition comes as investors increasingly back India's industrial manufacturing ecosystem amid rising global demand for heavy-engine components, localization of supply chains and capacity expan…
Originally published by Livemint. Read the full article →
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