Breaking News

You are here » Indian-Commodity  :  Corporate  :  IFCI recovers Rs 280 crore from Bhushan Steel

26-May2018

IFCI recovers Rs 280 crore from Bhushan Steel

IFCI has recovered Rs 280 crore from debt-ridden Bhushan Steel under the insolvency process. The company also received over 5.79 lakh equity shares of Bhushan Steel, having face value of Rs 2 per share.

IFCI was established with intent to provide long-term finance needs of the industrial sector. It founded and developed various institutions namely ICRA for credit assessment rating, Tourism Finance Corporation of India (TFCI) for promotion of the hospitality industry, among others.


Related News

View all news

Generic Engineering bags orders worth Rs 273.92 crore

Generic Engineering Construction & Projects has been awarded multiple orders to the tune of Rs 273.92 crore from established & reputed real estate developers and one from India's leading......

Zuari Global enters into agreement with Axis Finance to avail loan facility

Zuari Global has entered into a facility agreement with Axis Finance to avail loan facility and an overdraft facility not exceeding Rs 85 crore and an overdraft facility up to an amount not exceeding Rs......

Ravalgaon Sugar Farm to sell sugar plant

Ravalgaon Sugar Farm has executed the requisite transfer documents for transfer of its Sugar Plant and Building along with surrounding land of approximately 85,000 square meters to S. J. Sugar Distillery......

Top News

View all news

Generic Engineering bags orders worth Rs 273.92 crore

Generic Engineering Construction & Projects has been awarded multiple orders to the tune of Rs 273.92 crore from established & reputed real estate developers and one from India's leading......

Zuari Global enters into agreement with Axis Finance to avail loan facility

Zuari Global has entered into a facility agreement with Axis Finance to avail loan facility and an overdraft facility not exceeding Rs 85 crore and an overdraft facility up to an amount not exceeding Rs......

Ravalgaon Sugar Farm to sell sugar plant

Ravalgaon Sugar Farm has executed the requisite transfer documents for transfer of its Sugar Plant and Building along with surrounding land of approximately 85,000 square meters to S. J. Sugar Distillery......