SAIL completes acquisition of Burn Standard

By Mike O'Driscoll
Published: Monday, 19 December 2011

Indian steel producer secures Salem-based magnesia and refractory producer

Steel Authority of India Ltd (SAIL) has completed the transfer of the refractory unit of Burn Standard Co. Ltd (BSCL) to its newly formed subsidiary SAIL Refractory Co. (SRCL) for a token one rupee.

The process of transfer of the refractory unit to SAIL was initiated in June 2010, when...

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