Chennai ferrous industries had finalized a new lease arrangement, to operate company’s sponge iron plant with MTC Business. As per the lease arrangement MTC Business has agreed to operate its sponge iron plant located at Thiruvallur in Tamil Nadu. MTC Business has also agreed to review the design and specification of the plant. The said lease agreement on mutual agreed terms shall be effective from July 01, 2020.
Chennai ferrous industries is primarily engaged in the business of manufacturing sponge iron products