Beaufond Limited Qualifiesfor bidding under Resolution Process of 'Asian Colour Coated Ispat Limited

By: Asian Colour Coated Ispat Limited
 
DIFC, UAE - Feb. 12, 2019 - PRLog -- Beaufond Ltd a Difc Company, today announces that it has received a right to bid, from the Insolvency Professional by the Insolvency & Bankruptcy Board of India appointed by NCLT, Delhi, for the Resolution Process of 'Asian Colour Coated Ispat Limited" (ACCIL), under Insolvency and Bankruptcy code 2016 of India.

ACCIL is the largest strategically located manufacturing plants to cater to the large demand centre of India producing Hot Rolled Pickled & Oiled, Cold Rolled Full Hard, Galvanized Plain and Corrugated, colour coated Sheets and Coils of Iron, with an installed capacity of 650,000 MTPA of CR Galvanising, 780,000 MTPA of Pickling and 130,000 MTPA of Colour Coating. ACCIL is a multimillion turnover company, with debt resolution of more than  725.00 Million Usd, it has two plants located in Northern and Western parts of India.

Commenting, Mr. Vikram Motwani, Managing Director & CEO, said:

If Beaufond qualifies in final round it shall give Beaufond Limited a foothold in the fastest growing Galvanised and Colour Coated Steel market in South Asia.

About: Beaufond Limited.

Beaufond Limited a Global company  registered at DIFC Dubai has evolved into a market–leading international businesses, with operation across six continents, and the businesses  that touch the lives of million across the Globe, it enjoys dominant position in the various business segments that it operates.

Email: pr@beaufond.com  , Phone No. +97142517000.

Contact Person: Mr. R. Kamat, Company Secretary.
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Tags:BEAUFOND LTD
Industry:Financial
Location:DIFC - Dubai - United Arab Emirates
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