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Uttam Value Steels to demerge Engineering Division to another entity

09 Nov 2013 Evaluate

Uttam Value Steels has received an approval for demerger of Engineering Division of the company to another entity and authorized company officials to engage of counsels, Advisors, Valuers, Merchant Banker etc. for that purpose. The board of directors at its meeting held on November 08, 2013, has in principle discussed and approved for the same.

Uttam Galva Steels (UGSL) is engaged in the business of manufacturing Cold Rolling (CR) Coils, Cold Rolled Close Annealed (CRCA), Galvanized Plain Products (GP) and Galvanized Corrugated Products (GC). Company has emerged as one of the largest manufacturers of cold rolled steel ('CR') and galvanized steel (GP) in Western India.

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