SIPL takes control of SPS Steels Rolling Mills post resolution
City-based Shakambhari Ispat and Power Ltd (SIPL) on Tuesday announced taking control of SPS Steels Rolling Mills Ltd and its brand 'Elegant Steel', after the NCLT approved a resolution plan worth Rs 270 crore. "We have taken control of SPS management and assets including the brand from April 12, after we completed the required payment. Our resolution plan was worth Rs 270 crore, which was approved by NCLT Kolkata," Shakambhari Group Chairman and Managing Director Deepak Kr Agarwal said. SIPL... Читать дальше...