Transformers and Rectifiers (India) Limited (TARIL) has completed the acquisition of a controlling 51% stake in Posco-Poggenamp Electrical Steel Private Limited (PPESPL). The company acquired 13,770,000 equity shares from existing shareholders under a Share Purchase and Shareholder’s Agreement. This acquisition strengthens TARIL’s position in the CRGO (Cold Rolled Grain Oriented) steel manufacturing and processing sector. The company confirmed that all formalities related to the transaction have been completed.