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Sandur Manganese to foray into speciality steel with buyout of Arjas Steel

Sandur Manganese will be buying an 80% stake in the company at an enterprises value of Rs 3,000 crore. It will spend around ?2,400 crore through a mix of equity and debt to buy Arjas Steel, of which around 25-30% will be debt. ....

Bahirji Ghorpade , Sandur Manganese , Iron Ore , Arjas Steel , Andhra Pradesh , Iron Ores , Speciality Steel , Mining Sector ,