JSL in India approves the purchase of the struggling RVPL.
steel orbis
India
27-12-2023
Share
According to a regulatory filing made by Jindal Stainless Limited (JSL) on Monday, December 25, the acquisition of Rabirun Vinimay Private Limited (RVPL), which is presently in liquidation, has been approved by the board of directors of JSL. According to the filing, JSL will pay an approximate of $11.50 million to purchase the struggling RVPL.
RVPL, based in the eastern state of West Bengal, has a 50,000 mt annual capacity steel pipe and tube making unit and a 250,000 mt annual cold rolling manufacturing unit for wider and thinner segment products.