ImportantCompany Update
Rudra Gas Enterprise has acquired approximately 71% equity stake in DS Pipeline Projects Limited (DSPL) for INR 18.38 Cr, with the consideration already paid.
Rudra Gas Enterprise Ltd544121 · Filed with the exchange
This strategic move aims to diversify and expand Rudra Gas Enterprise's operations within the gas pipeline sector.
DSPL specializes in laying high-pressure steel and medium-density polyethylene gas pipelines, including PNG connections.
DSPL's revenue has shown growth, reporting 84.85 Cr in FY25, 69.49 Cr in FY24, and 53.25 Cr in FY23. This acquisition is not a related party transaction, strengthening the company's core business.
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