Bihar Sponge Iron has informed that Chandil Power Limited was a Subsidiary of Bihar Sponge Iron Limited by virtue of Section 4(1)(a) of the Companies Act, 1956. With effect from September 29, 2014 the Company, Chandil Power Limited ceases to be Subsidiary Company of Bihar Sponge Iron Limited. The Board considered the matter in the meeting of the Board held on November 14, 2014.
The above information is a part of company’s filings submitted to BSE.