Orissa Sponge Iron & Steel has received an approval for the proposal for sending notice for closure of the Billet Plant. The board at its meeting held on January 10, 2013 has considered and approved for the same.
The board has also noted and taken on record the company’s proposal to declare lockout at the plant following illegal strike by the workers.
Orissa Sponge Iron & Steel is engaged in manufacturing and marketing of iron and steel. The products include sponge iron and MS billets.