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Uttam Value Steels gets nod for scheme of arrangement

21 Feb 2014 Evaluate

Uttam Value Steels’ board of directors at its meeting held on February 21, 2014 has approved the scheme of arrangement between Lloyds Steels Industries (LSIL) with itself which was approved by Audit Committee on February 11, 2014.

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.

Peers
Company Name CMP
JSW Steel 1218.90
Tata Steel 172.80
Steel Authority 169.65
Jindal Stainless 710.75
APL Apollo Tubes 2050.00
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