S.A.L.STEEL LTD. - 532604 - Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements
We would like to inform you that today Company has entered into a Supply Agreement for 3 years with AIA Engineering Limited for supply of Ferro Chrome by the Company to AIA Engineering Limited on non-exclusive basis. Consequent thereto, AIA Engineering Limited has also agreed to provide a secured Inter Corporate Deposit of Rs. 125 Crores to the Company which will be used by the Company to repay its loan / for working capital requirements.16-09-2022