From the article, how did you deduce that the project got cancelled? Won’t they start when the approval goes through - which might have gotten delayed.
Disc - I’m also holding sizable position in Maithan Alloys and the power cut in no way affects it’s long term performance of the company.
I said ‘Shelved’ not ‘Cancelled’.
Does someone have an idea on the impact of export duty on steel products on Maithan? Its not clear to me if export duty is applicable to Ferro-alloys as well? From the news, it doesn’t seem so but any expert comments?
Disc : Invested and closely watching. Views my be biased.
They got the clearance from Ministry of
Environment, Forest and Climate Change on 11th August.
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