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Pellet maker KIOCL to acquire 51% stake in Odisha PSU Idcol

Idcol has been engaged in the production of pig iron, cast iron spun pipes, and ferro alloys since the 1960s

Jayajit Dash  |  Bhubaneswar 

Leading pellet maker and a PSU under Union ministry of steel KIOCL is all set to acquire 51% equity in ailing Odisha PSU-Industrial Development Corporation of Odisha (Idcol) Ltd. KIOCL has been one of the front-runners in picking up controlling stake in the two Idcol units- Idcol Kalinga Iron Works Ltd and Barbil and Idcol Ferrochrome & Alloys Ltd after rounds of failed bidding by other PSUs like Steel Authority of India Ltd (SAIL) and National Aluminium Company (Nalco). The financial bid submitted by KIOCL for acquiring majority stake in the two Idcol units has elicited positive ...

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Pellet maker KIOCL to acquire 51% stake in Odisha PSU Idcol

Idcol has been engaged in the production of pig iron, cast iron spun pipes, and ferro alloys since the 1960s

Idcol has been engaged in the production of pig iron, cast iron spun pipes, and ferro alloys since the 1960s Leading pellet maker and a PSU under Union ministry of steel KIOCL is all set to acquire 51% equity in ailing Odisha PSU-Industrial Development Corporation of Odisha (Idcol) Ltd. KIOCL has been one of the front-runners in picking up controlling stake in the two Idcol units- Idcol Kalinga Iron Works Ltd and Barbil and Idcol Ferrochrome & Alloys Ltd after rounds of failed bidding by other PSUs like Steel Authority of India Ltd (SAIL) and National Aluminium Company (Nalco). The financial bid submitted by KIOCL for acquiring majority stake in the two Idcol units has elicited positive ... image
Business Standard
177 22

Pellet maker KIOCL to acquire 51% stake in Odisha PSU Idcol

Idcol has been engaged in the production of pig iron, cast iron spun pipes, and ferro alloys since the 1960s

Leading pellet maker and a PSU under Union ministry of steel KIOCL is all set to acquire 51% equity in ailing Odisha PSU-Industrial Development Corporation of Odisha (Idcol) Ltd. KIOCL has been one of the front-runners in picking up controlling stake in the two Idcol units- Idcol Kalinga Iron Works Ltd and Barbil and Idcol Ferrochrome & Alloys Ltd after rounds of failed bidding by other PSUs like Steel Authority of India Ltd (SAIL) and National Aluminium Company (Nalco). The financial bid submitted by KIOCL for acquiring majority stake in the two Idcol units has elicited positive ...

image
Business Standard
177 22