Usha Martin board decides not to opt for fresh capital infusionA meeting had earlier been called Saturday to consider raising further equity through a private placement to promoters.
Main aim is to bring down companies debt levels: Rajeev Jhawar, managing director of Usha MartinThe meeting was called at the behest of State Bank of India (SBI), our largest lender, with a resolution seeking the removal of Prashant Jh...
Our main objective is to bring down debt to sustainable levels: Rajeev Jhawar, MD, Usha MartinThe economy is picking up and demand from both auto and infrastructure sector is seen growing. That will help our steel business, Rajeev Jh...