Hira Ferro Alloys Ltd has informed BSE that the Company has sold its entire 13% stake in M/s. Maruti Clean Coal and Power Limited (MCCPL) comprising of 17.55 Lacs Equity Shares of Rs.10/- each for a consideration of Rs.39.00 Crores.
The MCCPL is at presently engaged in the process of setting up business of Coal Washery and 300 MW Independent Power Plant in the State of Chhattisgarh. MCCPL is yet to start commercial operation in coal washery and power plant.
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