Ramsarup Industries

Talk is surfacing in the market that Arcelor is now close to finalising a stake buy in the company. Ramsarup has two iron ore leases in Orissa, reportedly with reserves of 7.1 million metric tonnes and 45 million tonnes respectively. In June, the company had said it was in early talks with MNCs for growth opportunities in form of a tie-up, venture or a demerger   (Arcelor’s name had come up even then).

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