India's Jash Engineering rises on new plant, plan to acquire WesTech

Jash Engineering

10/07/2025 07:50

** Shares of Jash Engineering JSHE.NS climb 2.2% to 586.8 rupees

** Water equipment-maker opens new plant near Chennai city in south India; commercial production to begin in August 2025

** Jash also reports plan to acquire 90% stake in WesTech Process Equipment India, including 80% from WesTech LLC (USA) and 10% from employees

**  Co says remaining 10% employee stake to be acquired after 3 years at pre-agreed valuation

** Acquisition to expand Jash’s footprint into industrial segments like mining, metals, and paper

** Stock up 3.6% YTD

 (Reporting by Rudra Pratap Singh in Bengaluru)

 ((rudrapratap.singh@thomsonreuters.com))