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VISA Steel gets NCLT’s approval for scheme of arrangement

09 Jul 2019 Evaluate

National Company Law Tribunal (NCLT), Cuttack Bench, has approved the Scheme of Arrangement between VISA Steel and VISA Special Steel and their respective shareholders & creditors for transfer of Special Steel Undertaking to VISA Special Steel on July 08, 2019.

Visa Steel (VSL) manufactures various grades of pig iron and good quality coke. The company produces chrome concentrate that has application in ferro chrome/ stainless steel production.

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