SAL Steel has received approval for secured borrowing of money by way of Inter Corporate Loans for an amount of Rs 125 crore and other working capital for procurement of raw material for production of Ferro Chrome from AIA Engineering which shall be utilized for the purpose of repayment of Invent Assets Securitisation and Reconstruction as well as for Working Capital and other purposes. The board of director at their meetings held on September 13, 2022 has approved the same.
SAL Steel is engaged in manufacture of stainless steel (SS) products.