Commenting on the development Adhunik Group Managing Director Manoj Kumar Agarwal said, "The group feels happy for his association with the organisation; under his expertise guidance and leadership, it will scale new heights."
The inter-ministerial group (IMG) has begun its three-day review of the 67 coal blocks in the coal scam. CNBC-TV18's Anshu Sharma reports.
Adhunik Metaliks Limited, sold its forging subsidiary, Neepaz V Forge, to Nagpur Automotive Industries Private Limited for Rs 230 crore ($44 million), outlaying a strategy to divest non-core assets.
Arun Kedia, group CFO, Adhunik Group states that they intend to move forward and focus on their plans for debt reduction.