SIL acquires GI Wire plant in Chhattisgarh, capacity up by 48 percent

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AI summary

SIL acquired a Galvanized Iron wire plant at Siltara, Chhattisgarh with 48,000 MTPA capacity on a 10 acre site. This lifts total installed capacity by 48 percent to around 1,48,000 MTPA across five units and strengthens presence in Central India. The plant is fully operational, making the deal immediately EPS accretive. Funding is disciplined, with SIL keeping a net debt-free balance sheet, and synergies from logistics, distribution and cross-selling are expected to support margins.

Likely market impact

Capacity jumps 48 percent, deal is EPS accretive, reinforces position in power and infrastructure segments.