Kolkata-based loss-making Visa Steel has said that the lenders of the company in its Joint Lenders Forum (JLF) meeting held on September 22 have decided to invoke Strategic Debt Restructuring (SDR).
Tag: Visa Steel
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Odisha inland waterway to be ready in three years
The proposed inland waterway linking Kalinganagar industrial area, and eventually Talcher, to Paradip and Dhamra ports is to be ready in three years. The state government signing an MoU with the Inland Waterway Authority of India (IWAI) and the two ports in the state capital.
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SunCoke Energy invests Rs 3.68 bn in Indian JV
US listed SunCoke Energy invested around Rs 368 crore to acquire 49 percent stake in the joint venture, VISA SunCoke, while the Indian partner Visa Steel would hold 51 percent stake. In its board meeting the Kolkata-based steel company Visa Steel formally announced the joint venture, which
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SunCoke, Visa Steel JV seen in 2013
By the first quarter of 2013, Visa Steel expects to set up a joint venture coke manufacturing firm in collaboration with American firm SunCoke Energy Inc. SunCoke Energy Inc, which is one of the largest independent producers of metallurgical coal across North and South America, is said to have entered into an agreement with Visa in this regard. According to the agreement, which requires approval of shareholders of Visa Steel, SunCoke Energy will have a 49 p
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SunCoke, Visa Steel JV seen in 2013
By the first quarter of 2013, Visa Steel expects to set up a joint venture coke manufacturing firm in collaboration with American firm SunCoke Energy Inc. SunCoke Energy Inc, which is one of the largest independent producers of metallurgical coal across North and South America, is said to have entered into an agreement with Visa in this regard. According to the agreement, which requires approval of shareholders of Visa Steel, SunCoke Energy will have a 49 p