India Steel Works’ board has approved the memorandum of understanding (MoU) with Stecol International. As per the terms and conditions of the MoU, the company is required to provide an unconditional and Irrevocable Corporate Guarantee to Stecol for a sum of Rs 5 crore. The Board approved of the aforesaid Corporate Guarantee to be entered in to, with Stecol International. This MoU and the Business relations with Stecol, will enable to enhance the existing scale of operations of the company and benefit the company and its stakeholders. The Board of directors of the company at its Meeting held on January 6, 2021 has approved and taken on record for the same.
India Steel Works is a public limited company, which is domiciled and incorporated in India with its registered office in Raigad Maharashtra. The company is engaged in manufacturing and trading of steel products, like Hot rolled, Bars & Rods, Bright Bars extra.
