Tag: PRAKASH STEELAGE

Prakash Steelage appoints key individuals to audit, nomination, and stakeholder committees, enhancing governance.

TUBACEX has completed the acquisition of 68% of the seamless stainless steel tubes division of the Indian company Prakash Steelage. With this operation, announced in February, the Spanish company also maintains a purchase option on the remaining 32%.

Spanish company Tubacex, who specialize in the manufacture of stainless steel tubular solutions mainly for the oil & gas, petrochemical and power generation industries, has reached an agreement with Indian company PRAKASH STEELAGE to acquire 68% of its seamless stainless steel tube division, reinforcing the position of Tubacex in the fastest growing markets, especially Asia where the company plans to strengthen its presence with new commercial offices. Photo courtesy of Tubacex Group PRAKASH STEELAGE LIMITED is a leading manufacturer of stainless steel pipes and tubes in India also mainly oriented to oil & gas, petrochemical and power generation applications.