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Readymade Steel subsidiary acquires PSLE and RPL in Singapore

Tuesday, 31 Dec 2013
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Readymade Steel India's subsidiary, KH Foges, Singapore, has acquired 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.

 

PSL Engineering was incorporated in Singapore in1984. PSLE is an 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 (RMS) is an infrastructure solution provider and offers products like 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, and monorails etc.

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