Kolkata-based Electrosteel Steels, which produces DI pipes and casting, may not have much difficulty in restructuring its Rs 7,000 crore loan as the consortium of 27 lenders are open to recast it provided some conditions are fulfilled. The firm produces and supplies ductile iron (DI) pipes and fittings and is three-star export house. It was the first domestic company to set up a ductile iron pipe plant apart from pioneering manufacture of alloy steel cast
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Reworking GAIL’s pipeline project may raise cost
According to sources close to the development, the cost of the Rs 3,263 crore Kochi-Bangalore-Mangalore Pipeline (KKBMPL) being implemented by GAIL may escalate in case of re-alignment. Farmers in Tamil Nadu are protesting against the a section of the project, which passes through their farmland and this prompted the company to consider re-align