9 Steel Firms May Be Bailed Out

The government has stepped in to bail out nine steel projects, including Mesco's Mid East Steel. The steel ministry has forwarded the proposals to the lenders.

The projects, which are at the implementation stage, include Bellary Steel, SJK Steel Corporation, Remi Metals, Southern Iron and Steel, Malvika Steel, Kumar Iron and Steel, Neelachal Ispat and Jayaswal Neco.

The demands for bailouts followed the restructuring package finalised for three large steel companies