IFCI has assigned its total debts due from Jai Balaji Industries to Omkara Assets Reconstruction Company (ARC). IFCI has assigned the debt through assignment agreement dated December 28, 2017.
Recently, Allahabad Bank had assigned its total debts due from the company to Edelweiss ARC on December 13, 2017.
Jai Balaji Industries is engaged in the manufacturing of sponge iron, pig iron, reinforcement steel TMT bars, alloy and mild steel ingots and wire rods; and carbon, alloy, and mild steel heavy rounds.
