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The Supreme Industries Limited has signed a Memorandum of Understanding to acquire Wavin Industries Limited's piping business for approximately US$30 million plus net working capital. This acquisition will enhance the company’s capacity by 73,000 MT per annum and strengthen its presence in India’s piping systems market. With strong turnover figures from Wavin India (Rs. 1007.50 crores for FY 2023-24), the deal allows access to advanced technologies over the next seven years. Investors may view this as a positive opportunity for growth in the building and infrastructure segment, responding to increasing demand in the industry.