Exide Industries Ltd had informed BSE that the Board of Directors of the Company had given their approval, for investment in a second local Lead Smelter upto Rs 35 crores.
The Company has now acquired 51% shareholding in Leadage Alloys India Ltd located near Bangalore, Karnataka. This Company’s core business is to produce various types of Lead and Lead alloys for secondary Lead and Lead concentrates. Leadage Alloys India Ltd is an unlisted public company.
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