02
Apr
01:00
India's Mesco Steel acquires sections steelworks Maithan Ispat: reports
Indian merchant pig iron producer Mesco Steel plans to start sections production next week after acquiring 200,000 tonnes/year sections steelworks Maithan Ispat, according to local press reports. The debt-equity-financed acquisition is worth INR 1,160 crore ($186.4 million).
Mesco will inject INR 310 crore as part of the deal to upgrade the plant’s infrastructure. “We will add an electric arc furnace at Maithan plant,” Mesco chairman J K Si…
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