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Steelco Gujarat to execute loan facility agreement with Spica Business

30 Apr 2019 Evaluate

Steelco Gujarat has received approval for execution of loan facility agreement with its Ultimate Holding company, Spica Business Corp., Panama for $8,500,000 (US Dollar Eight Million Five Hundred Thousand Only) (around equivalent to OTS Proposal of the Company of Rs 58.25 crore, subject to approval of lenders). The Board of Directors of the company in its meeting held on April 30, 2019, approved the same

Steelco Gujarat manufactures 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 1274.05
Tata Steel 183.60
Steel Authority 176.60
Jindal Stainless 750.75
APL Apollo Tubes 2181.00
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