27
Feb
00:00
India's troubled Bhushan sells oxygen plants to help cash flow.
India’s Bhushan Steel says in a stock exchange filing that it is to sell it’s the oxygen plants at its steel mill in Orissa.
In a statement seen by Kallanish, Bhushan says that “in order to ease out constantly facing stress in cash flow, the company has entered into sale and lease-back arrangements of its oxygen plants situated at company's steel division, Meramandali, Orissa”.
No further details have been given as to the p…
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