Ellenbarrie Industrial Gases Limited — JV/Acquisition, 05-08-2025: Acquisition

Ellenbarrie Industrial Gases (ELLEN) has acquired Truair Industrial Gases for ₹5.40 Cr, gaining 100% control. This strategic move is set to fuel ELLEN's growth and expansion within its core industrial and medical gases business. Truair's expertise in cylinder filling and gas marketing/trading directly complements Ellenbarrie's existing operations. This acquisition enhances ELLEN's market footprint and operational capabilities in India, representing a clear step towards strengthening its leadership in the sector. A smart inorganic growth play.