Tega Industries – Major Acquisitions & Strategic Impact

1. Molycop – $1.5 Billion Deal Tega Industries acquired a majority stake in Molycop, a global leader in metal grinding media used in mining mills, in partnership with Apollo Global Management. Molycop operates 13 manufacturing plants across 40+ countries, including major mining markets such as the US, Chile, Peru and Australia. Why it matters: Tega specialises in mill liners, while Molycop manufactures grinding media. Combining these products allows Tega to offer a broader range of mining mill consumables, creating a potential one-stop solution for mining customers. The acquisition also significantly expands Tega's global presence, customer base and cross-selling opportunities. 2. McNally Sayaji Engineering Ltd (MSEL) Tega acquired MSEL through the NCLT insolvency resolution process. MSEL manufactures crushing, screening and material-handling equipment for mining and infrastructure applications. Why it matters: The acquisition expands Tega beyond its traditional focus on mining consumables and replacement parts into capital equipment and heavy engineering. It also provides opportunities for cross-selling between Tega and MSEL's customer bases. Overall Strategic Impact Molycop + Tega: Grinding media + Mill liners MSEL + Tega: Capital equipment + Mining consumables Together, these acquisitions can transform Tega Industries into a broader global mining solutions provider, with greater scale, product diversification and geographic reach. Key factors to monitor: Integration of acquisitions, debt levels, Molycop's profitability, synergy realisation, capital expenditure, margins and consolidated cash flows.