SAL Steel has entered into a Supply Agreement for 3 years with AIA Engineering for supply of Ferro Chrome by the Company to AIA Engineering on non-exclusive basis. Consequent thereto, AIA Engineering has also agreed to provide a secured Inter Corporate Deposit of Rs 125 crore to the company which will be used by the company to repay its loan / for working capital requirements.
SAL Steel is engaged in manufacture of stainless steel (SS) products.