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.
| Company Name | CMP |
|---|---|
| Tata Steel | 213.85 |
| JSW Steel | 1268.00 |
| SAIL | 186.00 |
| Jindal Stainless | 783.90 |
| APL Apollo Tubes | 1908.85 |
| View more.. | |
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