News Business NSEL invites bids to sell ferrochrome stock

NSEL invites bids to sell ferrochrome stock

New Delhi: Crisis-hit NSEL has invited bids to sell off 14,200 tonnes of Ferrochrome stock belonging to a defaulter Metkore Alloys and Industries in order to recover the balance amount of Rs 95.08 crore.Metkore Alloys,

nsel invites bids to sell ferrochrome stock

PTI April 27, 2014 21:49 IST

New Delhi: Crisis-hit NSEL has invited bids to sell off 14,200 tonnes of Ferrochrome stock belonging to a defaulter Metkore Alloys and Industries in order to recover the balance amount of Rs 95.08 crore.

Metkore Alloys, one among 24 members who defaulted on pay-in obligation of Rs 5,600 crore after Jignesh Shah-led National Spot Exchange Ltd shut down due to violation of government norms, owes Rs 114.28 crore.

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