ISMT has entered into a Business Transfer agreement, for sale of the 40 MW Captive Power Plant of the Company (CPP) on a slump sale basis. The sale of CPP will strengthen the Balance Sheet/ financial position of the Company as CPP is non-operational and will also help reduce the annual operating cost that is incurred by the Company to keep CPP in working condition. The company will received consideration from such sale/disposal is Rs 65.71 crore.
ISMT is predominantly engaged in the manufacturing of specialty alloy and bearing Steel.