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MMTC’s board approves debt restructuring scheme

10 Jun 2021 Evaluate

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.

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