Archive · 5 Aug 2025
Electrosteel Castings to Manufacture Valves in India After Italian Firm Buy
Electrosteel Castings, an Indian company, bought an Italian company called T.i.S.
to make valves used to control water flow.
These valves are important for water systems, and the Indian market is growing.
Electrosteel wants to make these valves in India to support the 'Make in India' initiative and sell them worldwide.
They plan to set up a factory in India and are hoping to expand their business by offering complete solutions for water systems.
Electrosteel Castings acquired Italian firm T.i.S Service SPA to manufacture valves.
The acquisition aims to strengthen Electrosteel's position in water infrastructure solutions.
Electrosteel is evaluating the localization of T.i.S product lines in India.
The company hopes to tap into both the Indian and global valve markets.
Electrosteel is planning to set up a DI pipe unit in Odisha with an estimated investment of ₹3,000 crore.
- Who
- Electrosteel Castings acquired T.i.S Service SPA.
- What
- Electrosteel Castings acquired T.i.S Service SPA to manufacture water valves in India.
- When
- The acquisition was recently completed.
- Where
- Electrosteel is based in Calcutta, with manufacturing planned in India, and the acquired company has plants in Italy and Turkey.
- Why
- To expand its product portfolio, enter new markets, and offer complete water infrastructure solutions.
Market Impact
Future Outlook
Market Conditions
Market Impact
The original article states no opposing viewpoints regarding market conditions
Future Outlook
The original article states no opposing viewpoints regarding market conditions
- Acquisition Cost
- ₹150 crore
- Acquired Company
- T.i.S Service SPA (Italy)
- Focus
- Valve Manufacturing in India
- Parent Company
- Electrosteel Castings Ltd
- Existing Plant Locations
- Andhra Pradesh, Khardah, West Bengal
- Estimated DI Pipe Unit Investment in Odisha
- ₹3,000 crore
