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Steelco Gujarat gets nod for capital expenditure amounting to Rs 74 crore

06 Feb 2016 Evaluate

Steelco Gujarat has received an approval to CAPEX amounting to Rs 74 crore which will be funded by infusion of funds from promoters as well as various credit facilities from banks, as may be approved by Corporate Debt Restructuring (CDR). The board of directors at its meeting held on February 05, 2016 has approved for the same.

Steelco Gujarat principal activity is to manufacture cold rolled steel and galvanized steel. The products include cold rolled steel coils/sheets, hot dip galvanized steel coils and plain corrugated sheets.



Peers
Company Name CMP
JSW Steel 1274.90
Tata Steel 183.60
Steel Authority 177.35
Jindal Stainless 749.40
APL Apollo Tubes 2199.75
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