12
Jan
00:00
Kalyani Steels to continue producing at Hospet after Mukand subsidiary transfer
India's Kalyani Steels (KSL) will continue to operate under a production sharing agreement with Mukand at Hospet Steel, notwithstanding the proposed transfer of Mukand’s Special & Alloy Steel division to a yet-to-be-formed subsidiary.
Indian steelmaker Mukand’s board of directors approved the transfer proposal last month, which would see the 370,000 tonnes/year capacity alloy steel division form a new subsidiary valued at INR $250 mi…
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