SAL Steel Ltd enters into supply agreement with AIA Engineering Ltd

SAL Steel Ltd has entered into a Supply Agreement for 3 years with AIA Engineering Limited ("AIA") for supply of Ferro Chrome to AIA on non-exclusive basis.

Consequent to above, Company has also agreed to avail a secured Inter Corporate Deposit of Rs. 125 Crores from AIA which will be used by the Company to repay its loan / for working capital requirements.

Source : Equity Bulls

Keywords

SALSteel SupplyAgreement AIAEngineering FerroChrome