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MOIL update on non-operational JV cos SMFAPL and RMFAPL

MOIL announced that the company has two Joint Venture Companies (JV) namely SAIL&MOIL Ferro Alloys (SMFAPL) and RINMOIL Ferro Alloys (RMFAPL).
SMFAPL was formed in 2008 under 50:50 Joint Venture with Steel Authority of India (SAIL). The objective of the JV was to set up Ferro Alloys / Manganese plant at Nandini, Bhilai (C. G.).
Due to reasons including increase in power cost, the operations are not expected to be viable.
Hence, the operations were not started in SMFAPL and as such it has been a dormant
company since its incorporation in 2008.
Since the objective of the JV could not be attainted, it has been decided to close the JVC ....

Rastriya Ispat Nigam , Venture Companies , Steel Authority Of India , Registrar Of Companies , Joint Venture Companies , Steel Authority , Ferro Alloys , Companies Act , Rastriya Ispat , Capital Market , States And Union Territories Of India , Economy Of India , Economy Of Jharkhand , Joint Venture , Manganese Plant , The Jvc , ரஸ்திரிய நான் துப்பினேன் நீகம் , துணிகர நிறுவனங்கள் , எஃகு அதிகாரம் ஆஃப் இந்தியா , பதிவாளர் ஆஃப் நிறுவனங்கள் , கூட்டு துணிகர நிறுவனங்கள் , எஃகு அதிகாரம் , ஃபெரோ உலோகக்கலவைகள் , நிறுவனங்கள் நாடகம் , ரஸ்திரிய நான் துப்பினேன் , மூலதனம் சந்தை ,

Asian Hotels (North) Limited vs Alok Kumar Lodha on 24 December, 2020

Asian Hotels (North) Limited vs Alok Kumar Lodha on 24 December, 2020
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