MMTC’s board has approved the debt restructuring scheme of the state-owned company which envisages settlement of dues out of the disinvestment proceeds of the Neelachal Ispat Nigam (NINL).
Under this scheme, MMTC has got moratorium/deferment on recovery of interest for credit facilities up to December 2021/March 2022 and for Principal up to March 2022 by different Banks.
MMTC is a leading international trading company of India.