Sathavahana Ispat has shut down the operations at Ferrous division due to tight cash flows and non-availability of working capital limits. The said plant was shut down since June 12, 2017.
Further, the operations at Kudithini works too were impacted where Metallurgical Coke facility is running on job work basis and power generation has been shut down. This impact is likely to continue until the restructuring of the loans are done by the financing institutions and banks.
Sathavahana Ispat is engaged in the manufacturing of pig iron and metallurgical coke. The company also in the business segment of Pig Iron, Metallurgical Coke with Co-generation Power.
Company Name | CMP |
---|---|
Jindal Steel & Power | 1014.00 |
Jai Balaji Inds | 973.00 |
Lloyds Metals&Energy | 702.60 |
Steel Exchange India | 13.36 |
KIC Metalik | 51.80 |
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