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SAL Steel enters into Supply Agreement with AIA Engineering

17 Sep 2022 Evaluate

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.

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