Kandla Gujarat based SAL Steel has entered into a supply agreement for 3 years with AIA Engineering for supply of ferrochrome on non exclusive basis. Consequent to above, SAL Steel has also agreed to avail a secured Inter Corporate Deposit of INR 125 crore from AIA Engineering which will be used by SAL Steel to repay its loan & for working capital requirementsSAL Steel is a ferroalloys and power company having operations near Kandla Port in the state of Gujarat in Western India. Its product range consists of Direct Reduced Iron, ferroalloys, iron ore pellets and various finished steel products. It also sells power to various customers from 40 MW power plants.
Kandla Gujarat based SAL Steel has entered into a supply agreement for 3 years with AIA Engineering for supply of ferrochrome on non exclusive basis. Consequent to above, SAL Steel has also agreed to avail a secured Inter Corporate Deposit of INR 125 crore from AIA Engineering which will be used by SAL Steel to repay its loan & for working capital requirementsSAL Steel is a ferroalloys and power company having operations near Kandla Port in the state of Gujarat in Western India. Its product range consists of Direct Reduced Iron, ferroalloys, iron ore pellets and various finished steel products. It also sells power to various customers from 40 MW power plants.
