ESAB India Ltd is a leading supplier of welding and cutting products in India. It is a subsidiary of ESAB Group which was ultimately owned by the Colfax Corporation of USA.
ESAB India's board approved the financial results for the quarter. In a strategic move, they greenlit an investment of up to ₹0.4 Cr for a 26% equity stake in a new SPV. This SPV will supply 1MW solar power to ESAB India's Nagpur plant, bolstering renewable energy use.