EL Forge has received an approval for slump sale of its forging business - Appur Division, on a going concern basis. The board of directors at its meeting held on February 27, 2018 has approved for the same.
The board also delegated the powers to the Chairman and Vice Chairman & Managing Director to finalize the terms and conditions and all other details and issue necessary notice to the shareholders.
EL Forge is engaged in the manufacturing of steel forgings and sale of land. The company operates through two segments - Manufacture and sale of steel forgings, and Land and Development.
