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Ashirwad Steels and Industries gets nod to sell its LPG Bottling Plant

Ashirwad Steels and Industries has received approval for the sale of its LpG Bottling Plant, situated at Uluberia, Howrah on a slump sale basis which is lying inoperative for the last few years due to unavoidable reasons and circumstances beyond the control of the management.

The company’s Board has approved the sale of the unit on slump sale basis as a going concern subject to the approval of the West Bengal Industrial Infrastructure Development Corporation (WBIIDC) and the company will enter into an agreement for slump sale with the buyer very shortly.

Ashirwad Steels and Industries manufactures and supplies sponge iron used in manufacturing finished steel. Under its bottling business, the company is engaged in bottling of hydrocarbon gas and liquefied petroleum gas (LPG).

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