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Visa Steel to restructure special steel business of the company

30 May 2013 Evaluate

Visa Steel has received an approval for exploring the possibility of restructuring the special steel business of the company by subsidiarisation. The board of directors at its meeting held on May 29, 2013 has approved for the same. The restructuring of the special steel business will help the company unlock shareholder’s value and enable induction of suitable strategic investor.

Visa Steel is a leading player in the Special Steel, Coke and Ferro Chrome industry in India with manufacturing facilities located at Kalinganagar Industrial Complex in Odisha.

Peers
Company Name CMP
JSW Steel 1255.00
Tata Steel 184.65
Steel Authority 181.60
Jindal Stainless 746.95
APL Apollo Tubes 2181.05
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