Madhusudan dairy group unit snaps up steel plant from bankrupt firm
Advertisement

Madhusudan dairy group unit snaps up steel plant from bankrupt firm

By Beena Parmar

  • 18 Mar 2020
Premium
Madhusudan dairy group unit snaps up steel plant from bankrupt firm
Credit: Thinkstock

A company that’s part of the group best known for its Madhusudan brand of dairy products has acquired a steel factory from one of India’s top wilful defaulters. SMC Power Generation Ltd has bought Concast Steel & Power Ltd’s factory in Jharsuguda, Odisha, for Rs 288.55 crore ($38.9 million), two people ......

This is a Premium article. Please subscribe or log in to read the full story!

Here's a selection of our recent premium content.

Already a member? Click here to log in.
Advertisement
Advertisement
Google News Icon

Google News

Follow VCCircle on Google News for the latest updates on Business and Startup News