Bhushan Steel, Monnet Ispat in talks for stake in Orissa Sponge

摘要

ushan Steel said on Monday that it is intalks with Monnet Ispat and Energy to acquirethe company's stake in Orissa Sponge Iron andSteel.In a BSE fi ling, Bhushan Steel said: "Ourdiscussion with Monnet Ispat regardingpurchase of their stake in Orissa Sponge Iron &Steel Ltd (OSISL) is at a very preliminary stageand management is looking into the viability/possibility in this regard and proper duediligence is also needed which will take about45/60 days."