International Conveyors Limited — JV/Acquisition, 27-02-2025: Acquisition

International Conveyors Limited has acquired 138,856 equity shares of Sterling and Wilson Renewable Energy Ltd. for ₹3.498 Crore, marking a pivotal investment in the civil construction sector. Sterling and Wilson, a key player in solar EPC solutions, reported a turnover of ₹3,035.37 Crore in the last fiscal year. This acquisition aims to enhance synergies in renewable energy and bolster International Conveyors’ portfolio, positioning it strategically in the growing solar energy market. The transaction is expected to be completed shortly, reflecting the company's commitment to diversifying its business interests.