TT&A Advocates and Solicitors and Naik Naik & Co acted on Eckart GmbH's Joint Venture (JV) with with Runaya to build a greenfield sustainable aluminum powder facility in Odisha.
TT&A advised Eckart on this joint venture.
The Corporate Team working on the transaction consisted of Feroz Dubash (Partner), Pratika Shankar (Partner) and Aanchal Kabra (Associate).
The Competition Team on the transaction consisted of Sonam Mathur (Partner), Shubhang Joshi (Managing Associate), Rishabh Joshi (Associate) and Srivaishnavi R (Associate).
Naik Naik & Co acted as external legal counsels for Runaya. The Firm facilitated the transaction by drafting, negotiation, and execution of the Joint Venture Agreement and ancillary agreements, ensuring that all terms aligned with the strategic objectives of both parties.
The transaction team consisted of Abhishek Kale (Deputy Managing Partner), Manish Parmar (Principal Associate), Niyati Shroff (Senior Associate) and Shikha Modi (Associate).
The joint venture is establishing a new facility in Orissa (India), to produce amongst the most sustainable spherical atomized aluminum granules. The granules cater to high-end applications in aerospace, solar panels and high value effect pigments.
ECKART GmbH is a leading global manufacturer of metallic and pearlescent effect pigments, offering innovative solutions to enhance product aesthetics and functionality across diverse industries, including coatings, plastics, printing, and cosmetics. Headquartered in Germany and a part of the ALTANA Group, ECKART is renowned for its advanced pigment technologies.
Runaya, which is backed by the promoters of Vedanta Group, is focused on sustainability and advanced materials, transforming the industrial landscape with innovative solutions. Established in 2017, the company specialises in metal recovery, waste management, and sustainable manufacturing practices, particularly within the aluminum industry.
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