IndiaRF acquires majority stake in Fine Edge Engineering for ₹2,000 crore

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Business

7 August 2026 at 8:03 pm

IndiaRF acquires majority stake in Fine Edge Engineering for ₹2,000 crore

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Summary

India Resurgence Fund has acquired a majority stake in Ashok Iron Works' engineering business for approximately ₹2,000 crore, anticipating increased demand for large engine components due to global manufacturing and data centre growth.

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