The latest announcement is out from International Conveyors Ltd. ( (IN:INTLCONV) ).
International Conveyors Limited has announced its acquisition of equity shares in Sterling and Wilson Renewable Energy Ltd., a company in the civil construction industry with a turnover of 3,035.37 crore as per the last audited financials for FY 2023-24. This strategic acquisition, valued at 3.498 crore and completed through cash consideration, is aimed at investment purposes, potentially enhancing International Conveyors Limited’s market positioning and diversifying its portfolio within the renewable energy sector.
More about International Conveyors Ltd.
International Conveyors Limited operates in the industrial sector, focusing on manufacturing and supplying conveyor belts and related products. The company is known for its expertise in providing solutions for bulk material handling, catering primarily to industries such as mining, power, and cement.
YTD Price Performance: -19.11%
Average Trading Volume: 25,736
Current Market Cap: 4.39B INR
For detailed information about INTLCONV stock, go to TipRanks’ Stock Analysis page.