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Monnet Ispat inks non-binding MoU to sell its power subsidiary

10 Jul 2015 Evaluate

Monnet Ispat & Energy has signed non-binding Memorandum of Understanding (MoU) with JSW Energy for entering into discussion to sell majority and controlling stake of its subsidiary, Monnet Power Company, which is engaged in the business of developing 1,050 MW (2 x 525) Coal fired thermal power plant located at Malibrahmani, Angul Orissa.

Monnet Ispat & Energy is engaged in the business of sponge iron, steel ingot & billets and coal mining.


JSW Ispat Special Share Price

38.97 0.00 (0.00%)
09-Aug-2023 18:01 View Price Chart
Peers
Company Name CMP
Tata Steel 212.05
JSW Steel 1239.90
SAIL 173.50
Jindal Stainless 787.90
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