Director of the company Sanjay Sinha said that the deal should take place in the near future. He did not say specifically which plant in question, but the event will set a precedent for other foreign firms that are not averse to starting production in India.
IMR is clearly committed to the Indian market by acquiring small and medium-sized businesses outside NCLT that will enable it to begin steel production.
IMR focuses on financing, marketing and trading the massively popular coking coal, iron ore and steel products.
The Swiss trader is ready to carry out professional management of the steel sector in India, which can bring him a good profit.
IMR's deal with Tata Steel NSE for the purchase of an iron ore mine in South Africa took place ahead of schedule for October 2019. IMR bought the mine for nearly $ 25.6 million.
