Bhubaneswar:
Aryan mining and Trading Corporation Ltd (AMTC) has refuted the reports that British company Stemcor is planning to sale its Indian Assets. On behalf of AMTC its company Secretary R.K.Agrawal has clarified that Stemcor is a Shareholder of the Aryan Mining and being a shareholder doesn't confer any right to sell or auction the assets of the company.
There are several media reports in recent weeks said that the British Steel trader is planning to sell its Indian Assets which includes, BRPL a 4 MnTPA Pellet plant, mining assets and share holding in a Steel company. Stemcor has more than 50% shareholding in AMTC and 10% stake in mines owned by MESCO.
Earlier a senior BRPL official had also refuted the reports on asset sale by its Parent company Stemcor.
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