ISGEC Heavy Engineering Delays Completion of 26% Equity Acquisition of FPEL HR1 Energy Private Limited

ISGEC Heavy Engineering Ltd. has informed about the delay in completing the acquisition of 26% equity share capital of FPEL HR1 Energy Private Limited. The initial indicative time period for completion was 60 days from the date of execution of the agreements, but due to certain procedural formalities at FPEL HR1 Energy Private Limited, the completion has been extended by a further 30 days. The company will keep the Stock Exchange(s) informed about further developments.