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09 Jul
13:34

Adhunik Metaliks creditors approve Liberty resolution plan

Adhunik Metaliks’ creditors have approved the resolution plan submitted by Liberty House to acquire the insolvent Indian steelmaker. The plan must now be approved by the National Company Law Tribunal before it comes into effect. Adhunik Metaliks produces ferroalloys, billet, bars and rounds, and possesses a blast furnace, electric furnaces and a direct reduced iron plant. Steelmaking capacity is capable of being expanded to 1 million tonnes/year. Customer …
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