JSW Steel’s wholly owned subsidiary JSW Steel Coated Products Limited, which had submitted a resolution plan in the corporate insolvency resolution process of National Steel & Agro Industries Limited, has received a letter of intent from the resolution professional on 7 October 2022 informing that the committee of creditors of the Corporate Debtor has approved the resolution plan submitted by JSCPL and has declared JSCPL as the successful resolution applicant.JSCPL has accepted the letter of intent on 7 October 2022.The closure of the transaction shall be subject to obtaining necessary approval from the National Company Law Tribunal Mumbai.Setup in 1985, National Steel & Agro Industries is known for it’s flat steel products Cold Rolled Coil, Galvanized Corrugated Sheets, Colour Coil, & Colour Profile sheets , etc) under the different brands. NSAIL’s factory is located at Sejwaya Ghatabillod in Dhar district of MP. The plant is backed by own power unit, equipped with world class technology of CMI Belgium & machinery from BRONX Australia
JSW Steel’s wholly owned subsidiary JSW Steel Coated Products Limited, which had submitted a resolution plan in the corporate insolvency resolution process of National Steel & Agro Industries Limited, has received a letter of intent from the resolution professional on 7 October 2022 informing that the committee of creditors of the Corporate Debtor has approved the resolution plan submitted by JSCPL and has declared JSCPL as the successful resolution applicant.JSCPL has accepted the letter of intent on 7 October 2022.The closure of the transaction shall be subject to obtaining necessary approval from the National Company Law Tribunal Mumbai.Setup in 1985, National Steel & Agro Industries is known for it’s flat steel products Cold Rolled Coil, Galvanized Corrugated Sheets, Colour Coil, & Colour Profile sheets , etc) under the different brands. NSAIL’s factory is located at Sejwaya Ghatabillod in Dhar district of MP. The plant is backed by own power unit, equipped with world class technology of CMI Belgium & machinery from BRONX Australia
