PNB auctions National Steel & Agro Industries to recover Rs 200Cr debt
Sun, Nov 28, 2021 4:28 PM

PNB auctions National Steel & Agro Industries to recover Rs 200Cr debt

Get it on Google Play
The Madhya Pradesh-based steel and agriculture company has been put for sale by the state-owned Punjab National Bank (PNB). The bank is planning to recover its outstanding of nearly Rs 200 crore through this sale as the National Steel and Agro Industries Ltd has a balance outstanding of Rs 199.90 crore to the bank. "We intend to place the account for sale to ARCs/NBFCs/other banks/FIs," PNB said.

More great flips

Markets mania 👉 GMDC 🆙 50%, Wipro and Vi tanked 🔻

Markets mania 👉 GMDC 🆙 50%, Wipro and Vi tanked 🔻

The domestic equity markets continue to endure the bulls' pressure last week, majorly because of buying across sectors and high expectations from India Inc for the December 2021 quarter. While state-owned mining player GMDC 🆙 48% to Rs 110.45 on the expected performance improvement. Vi 🔻16% to Rs 12.75 after it decided to convert interest on dues into equity upfront.

Open Flip
Ultratech Cement Q3 revenue to rise 2.6% YoY in Q3

Ultratech Cement Q3 revenue to rise 2.6% YoY in Q3

2.6% YoY growth expected in Ultratech Cement's revenue, 5.1% QoQ at Rs121,337 million. The growing numbers are mainly attributed to an increase in realizations (up 8.0% YoY), even as domestic volumes declined 5% on a YoY basis. On a sequential basis though realizations remained flattish (down 0.7%), while volumes grew 5.8%. Demand recovery remained subdued during the quarter.

Open Flip
Aditya Birla Fashion and Retail Ltd confront data breach on its portal

Aditya Birla Fashion and Retail Ltd confront data breach on its portal

Aditya Birla Fashion and Retail Ltd (ABFRL) reports a data breach on its portal. While the company is investigating the incident, assures that it will have no operational or business impact on its operations. The company has engaged forensic security experts to investigate the data breach incident where over 5.4 million email addresses were released online.

Open Flip

Join our Smart Investment Community

More than 450,000 users are using FlipItNews to stay updated about the business and finance world! Join FlipItNews now and take smart investment decisions!
Icon