Consequent to above, the company has also agreed to avail a secured inter corporate deposit of Rs 125 crore from AIA which will be used by the company to repay its loan / for working capital requirements, the firm stated. SAL Steel is engaged in the business of manufacturing sponge iron, ferro Aaloys and power and the products manufactured by the company are sold in the domestic market as well as international market. AIA Engineering is primarily involved in the manufacturing of High Chrome Mill Internals. Shares of AIA Engineering were up 0.93% to Rs 2,529.40 on the BSE. Powered by Capital Market – Live News
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