Lord Paul's Caparo Industries goes into administration

Caparo Industries, a part of Lord Swraj Paul's global business empire, today went into administration, having been hit by the crisis that has gripped UK's steel sector, but the India operations of the Group are not covered by the move and will continue to operate normally.
16 companies, which form part of Caparo Industries dealing in steel and associated engineering businesses, went into administration, a process that is an alternative to liquidation, it was announced here.