Corporate News     28-Mar-13
WPIL acquires 100% stake in Mody Industries
WPIL has acquired 100% stake in Mody Industries (FC) (Mody Pumps), a pump manufacturing and marketing company operating in Thane, Maharashtra, thereby making it its wholly owned subsidiary.

Mody Pumps is a pioneer in the field of dewatering sewage submersibles and is preferred brand in the market place besides being the only approved dewatering brand with the Indian Navy.

This acquisition will allow WPIL to further strengthen its product offering and penetrate into the sewage and dewatering market sectors.

The company made this announcement during the trading hours today, 28 March 2013.

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