While talking to NDTV Profit about the benefits of the acquisition, Mamtora said, “There should be a 30 bps increase in the margin.” However, he didn’t give a specific timeline.
Elaborating on the acquisition’s benefit, Mamtora said, “This is a major milestone for our company, as CRGO contributes to 30% of our raw material. With this, not only will we be able to explore our own production for transformers, we will also be able to sell the remaining excess capacity of the CRGO production unit in the market.”
“We have been in talks with several companies and also some motor manufacturers for EVs which are also showing their interest in buying their CRGO from us,” the top executive added.
