Ashirwad Steels & Industries is all set to sell company’s sponge iron plant, situated at Adityapur Industrial Estate in Jamshedpur, along with its assets and liabilities, on a slump sale basis and as a going concern and on as is where is and whatever it is basis to Bankura Steel, based on the written binding offer of this purchaser company, for a lump sum consideration value of Rs 15 crore subject to approval by the shareholders through ongoing postal ballot process which is scheduled to be completed on February 10,2022.
Ashirwad Steels & Industries’ main business is manufacturing of Sponge Iron using Iron-Ore and Coal as the Raw Materials.
