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Facor Steels gets nod for CDR programme

25 Jan 2013 Evaluate

Facor Steels has received an approval for the Corporate Debt Restructuring (CDR) programme by making a reference to CDR Cell through its bankers for financial restructuring the debt of the company under CDR Mechanism. The board at its meeting held on January 25, 2013, has discussed and deliberated on the issue of restructuring the debt of the company.

Facor Steels is a leading carbon, alloy, stainless and special steel manufacturer in central India with varied and broad product range, having the most modern state-of-the-art steel processing and quality assurance technologies.

Peers
Company Name CMP
JSW Steel 1345.00
Tata Steel 184.90
Steel Authority 169.80
Jindal Stainless 691.05
APL Apollo Tubes 2180.10
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