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Board of Steel Exchange India considers restructuring of business verticals

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Capital Market

At meeting held on 24 December 2021

The Board of Steel Exchange India at its meeting held on 24 December 2021 has approved to appoint a reputed consultant/advisor to make a feasibility report with various options of the business model to unlock the value of the unutilized and underutilized infra-assets of the company.

The Chairman of the company had briefed the Board of Directors about the underutilized and the unutilized infra-assets of the company and there is a need to unlock the value of these underutilized assets by way of a new Logistics & Warehousing services business model (Logistics & Warehousing Hub) which can complement and add value to the SEIL operations and all the stakeholders.

 

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First Published: Dec 24 2021 | 6:30 PM IST

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