Sun, Mar 25, 2018
Bhushan Steel, Essar Steel, Monnet Ispat & Energy, and Electrosteel Steels are among the 40 largest defaulters referred by RBI for resolution under the new bankruptcy law and contribute half of the steel sector?s bad loans. EY points out that strong policy support in the form of the national steel policy, coal deregulation and focus on infrastructure development is expected to help the country to build a globally competitive metals and mining industry
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