Tega Industries Limited — Investor Meet, 13-09-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Tega Industries announced a $1.48 billion acquisition of Molycop, a global grinding media supplier, with Apollo Funds. Tega funds its portion with $248 million equity (including INR 150-200 crores from promoters) and $112 million debt. This strategic move combines Tega's polymer liners with Molycop's grinding media, aiming for complete mill optimization. Management projects significant synergies, targeting $20 million in EBITDA by year two and boosting consolidated EBITDA margins from 11.5% to 15%. Molycop's $1 billion debt reduces to $780 million at close, with no recourse to Tega. Management is confident in growth, particularly high-chrome media, and disciplined debt reduction.