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Ashirwad Steels & Industries to sell sponge iron plant for Rs 15 crore

21 Jan 2022 Evaluate

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.

Ashirwad Steels &Ind Share Price

24.54 1.04 (4.43%)
17-Apr-2026 16:59 View Price Chart
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