Shah Alloys Ltd Considers Steel Plant Monetisation, Assets Valued at ₹44.2 Cr

Shah Alloys Ltd's Board has approved a strategic review and proposed restructuring or monetisation of its steel plant, machinery, and other assets. This follows an earlier decision to close the Iron & Steel Plant operations at Santej due to aged and obsolete technology making operations uncompetitive. The company will seek shareholder approval to explore strategic alternatives including sale, lease, development, or other monetisation of land, buildings, and immovable assets. The plant and machinery at the Santej location have been valued at ₹44,19,50,000 by a registered valuer. The company aims for optimum utilisation of its steel plant assets and resources.