Foseco India Limited announced that it has completed the acquisition of a 75% stake in Morganite Crucible (India) Limited, following the execution of a share purchase agreement earlier this year. The disclosure was initially made on August 22, 2025, in accordance with Regulation 30 of the SEBI Listing Regulations, when the company informed the BSE and NSE about the agreement signed with the promoters of Morganite Crucible — Morganite Crucible Limited and Morgan Terrassen B.V.
Under the agreement, Foseco India acquired 42,00,000 fully paid-up equity shares, representing 75% of the total paid-up equity share capital of Morganite Crucible (India) on a fully diluted basis. The transaction was formally completed on November 12, 2025, making Morganite Crucible (India) a subsidiary of Foseco India with immediate effect.
This acquisition marks a significant global strategic move for Foseco India and its parent group. By integrating Morganite Crucible’s specialised expertise in advanced refractory and crucible solutions, Foseco strengthens its global footprint in the molten metal handling and foundry solutions market. The transaction enhances the company’s ability to offer end-to-end solutions to customers worldwide and aligns with its strategy of expanding technologically advanced manufacturing capabilities across key international markets.
The acquisition is expected to create operational synergies, deepen product offerings, and reinforce Foseco’s leadership position in the global foundry and metallurgical industry.