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PIGL increases stake in PECL to 60%, gaining from PECL’s new Siemens manufacturing license.
Power & Instrumentation (Gujarat) Limited (PIGL) is increasing its share in Peaton Electricals Company Limited (PECL) from 15% to 60%.
This move follows PECL securing a license from Siemens to manufacture low-voltage switchboards, which will enhance PIGL's product offerings and market presence.
The acquisition aims to boost PIGL's manufacturing capabilities and reputation in the electrical sector.
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PIGL aumenta la participación en PECL al 60%, ganando con la nueva licencia de fabricación de PECL Siemens.