Madhusudan dairy group unit snaps up steel plant from bankrupt firm

By Beena Parmar

  • 18 Mar 2020
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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 ......

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