Shree Precoated Steels has been directed by High Court of Judicature at Bombay which has passed an order against the company to pay the cost of 14.51 million euro equivalent to approximately Rs 15.10 crore to Siderlba S.P.A, a company having their officer at Napoli, Italy.
The company has however been seeking the advice of the experts to examine the merits of the matter and accordingly it will take suitable action in due course of time.
Shree Precoated Steels specializes in the production and supply of high-quality coated flat steel products. The company manufactures pre-painted galvanized steel coils and sheets, galvanized steel coils and sheets, cold rolled steel coils and pickled hot rolled steel products.