National General Industries has sold its steel casting unit situated at Alwar in Rajasthan, together with all tangible assets, in relation to the said unit, on an ‘as is where is’ basis, to Gayatri Construction Machinery (GCM). The plant was sold in accordance with the approval accorded by shareholders through resolution passed on January 01, 2021 by Postal Ballot under provision of section 180 of the Companies Act, 2013.
National General Industries is engaged in manufacturing of steel rounds, squares and flat products, which are broadly categorized as long products in the steel industry.
