Rashmi Group:- Orders for timber, F-FEAP, and 6.1 KF cooling towers worth 9.5 Cr for expansion projects at Kharagpur and Jhargram
Dated 18th July, 2024
On 16th July 2024, Paharpur Cooling Towers Ltd. acquired a controlling stake in ThyssenKrupp Industries India Pvt. Ltd., a leading engineering solutions provider. With this change in the shareholding pattern, the company has officially changed its name to TKIL Industries Pvt. Ltd.
We are excited to introduce TKIL Industries Pvt. Ltd. as our new identity," said Mr. Vivek Bhatia, CEO, and MD of TKIL Industries Pvt. Ltd. "This rebranding reflects our evolution and dedication to maintaining excellence in engineering and customer service.
Mr. Vikram Swarup and Mr. Gaurav Swarup, Chairman & Co-Chairman of Paharpur Cooling Towers, respectively, which will be the majority shareholder of TKIL, commented: TKIL is a highly successful and well-regarded entity when it comes to equipment and associated services for the cement, mining, energy, and sugar sectors. We are delighted to have reached an agreement with thyssenkrupp in acquiring a leading shareholding at TKIL.
Commenting on the developments, Mr. Pablo Hofelich, Chairman of TKIL and CEO of thyssenkrupp Polysius, said: With this step, the shareholding structure is changing for TKIL, but with continued commitment and support from Polysius as a licensor and supplier of critical components, our approach remains steadfast.
TKIL will continue its operations across diverse sectors, including mining, energy, cement (with technology from thyssenkrupp Polysius as before), sugar, and asset management. The company remains committed to leveraging its extensive experience, advanced technology, and global partnerships to deliver innovative, high-quality solutions to its clients. Notably, it will continue working with thyssenkrupp Polysius technology for the cement sector, ensuring seamless continuity in its expertise and offerings.
With its extensive experience and advanced technological capabilities, TKIL aims to further expand its footprint in industrial engineering, delivering customized turnkey solutions that cater to the ever-evolving needs of its clients.
It signifies a strategic shift that will allow TKIL to strengthen its market presence and continue its legacy of industrial excellence. By leveraging global partnerships and state-of-the-art technology, TKIL is well-positioned to drive growth and innovation in India's engineering sector.
For industry stakeholders, clients, and employees, this transition offers an exciting opportunity to be part of a company that is evolving while staying true to its foundational values. The new identity of TKIL Industries Pvt. Ltd. is not just a reflection of change but a statement of its readiness to embrace the future.
"