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Liquidation value of 5 steel firms is INR 540 billion – Business Standard


Business Standard reported that the liquidation value, a guiding factor for bidders, for five steel companies on the Reserve Bank of India’s first list of non-performing assets has been pegged at INR 540 billion (USD 8.4 billion), compared to their debt of INR 1.4 trillion (USD 21.5).

As per BS report the liquidation value are as under
Essar Steel - INR 220 billion
Bhushan Steel - INR 150 billion
Bhushan Power & Steel - INR 120 billion
Monnet Ispat & Energy - INR 23.85 billion
Electrosteel Steels - INR 29 billion

Source : Business Standard