1.On 26.09.2022 announcement on sister concern and merger: Mangal industries Limited (MIL) is manufacturing of plastic components for battery such as containers, jars, covers, small plastic parts, handle etc. The transaction near to completion stage (Consider 15 -18 months from Oct 2022) and advantage of the transaction overall improvement on EBITDA by 0.75% -1%.
Current EBITDA – 12% -13%
- AREL has acquired engineering design firm Design Alpha (DFM Softech Pvt Ltd) , is a service provider and well recognized by the DSIR and focusing on developing & designing engg solutions and technologies to solve the complex challenges.
So apart from Li business… we are looking for another development on business, management guidance and more on execution timeline.
| Subscribe To Our Free Newsletter |
