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ISMT enters into Business Transfer agreement to sell 40 MW Captive Power Plant

12 Dec 2022 Evaluate

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.

ISMT Share Price

119.80 0.00 (0.00%)
05-Aug-2024 15:14 View Price Chart
Peers
Company Name CMP
Tata Steel 213.85
JSW Steel 1268.00
SAIL 186.00
Jindal Stainless 783.90
APL Apollo Tubes 1908.85
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