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NCLT approves JSW Steel resolution plan for Vardhman Industries Limited

Steel News - Published on Thu, 20 Dec 2018

Image Source: SteelGuru
JSW informed BSE that the resolution plan submitted by JSW Steel Limited and as approved by the Committee of Creditors of Vardhman Industries Limited in the corporate insolvency resolution process of the VIL in August has been approved by National Company Law Tribunal Principal Bench at New Delhi and the Resolution Plan shall be implemented in terms of the order of the NCLT.

As per their website, Ludhiana based Vardhman Industries is a manufacturers of cold rolled, galvanized and PPGI. As per market reports, it has 120,000 tonnes CR mill, 100,000 tonnes galvanizing units and about 50,000 tonnes of color coating lines.

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Posted By : Sanju Moirangthem on Thu, 20 Dec 2018
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