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Hira Ferro Alloys sells its entire 13% stake in MCCPL for Rs 39 crore

07 Apr 2014 Evaluate

Hira Ferro Alloys has sold its entire 13% stake in Maruti Clean Coal and Power (MCCPL) comprising of 17.55 lakhs equity shares of Rs 10 each for a consideration of Rs 39.00 crore.

MCCPL is presently engaged in the process of setting up business of Coal Washery and 300 MW Independent Power Plant (IPP) in the state of Chhattisgarh. MCCPL is yet to start commercial operation in coal washery and power plant.

Hira Ferro Alloys is a certified ISO 9001:2008, ISO 14001:2004, OHSAS 18001:2007 company is a venture by one of the prime steel manufacturing group, The Hira Group of Industries. The company has created its identity as a manufacturer of Ferro Alloys, Power, Briquette and Fly Ash Bricks.

Peers
Company Name CMP
Indian Metal & Ferro 1566.85
Maithan Alloys 1036.10
Nava 704.50
Indsil Hydro Power 41.30
Shyam Century 5.61
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