India’s Kalyani Steel Limited (KSL) has acquired the assets of Kameneni Steel and Power Limited (KSPL) through the bankruptcy resolution process, a statement of KSL said on Wednesday, January 24.
According to the statement, KSL will pay an estimated $54 million before April 7, 2024, to acquire all the steelmaking plant and equipment, land and buildings of KSPL.
KSL, part of the $3 billion Kalyani Group, is a producer of forging and carbon and alloyed steel products using the blast furnace route.
