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Lloyds Steel may get investment from Miglani
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Lloyds Steel may get investment from Miglani

In a bid to fund the expansion projects of Lloyds Steel, the Miglani family, which owns Uttam Galva, plans to raise its stake in Lloyds from the present 24.5 per cent. Upon completion of the deal, this will be the Miglani family's second major investment in a steel company other than Uttam Galva. The family had earlier bought Brahmani Karnataka, a unit of Brahmani Steels, owned by the Bellary Reddy family to build a steel plant in Karnataka.

Contact: Uttam Galva.
Tel: 022-6656 3500.
Fax: 022-2348 5025.
E-mail: marketing@uttam galva.com
Website: www.uttamgalva.com

In a bid to fund the expansion projects of Lloyds Steel, the Miglani family, which owns Uttam Galva, plans to raise its stake in Lloyds from the present 24.5 per cent. Upon completion of the deal, this will be the Miglani family's second major investment in a steel company other than Uttam Galva. The family had earlier bought Brahmani Karnataka, a unit of Brahmani Steels, owned by the Bellary Reddy family to build a steel plant in Karnataka.Contact: Uttam Galva.Tel: 022-6656 3500. Fax: 022-2348 5025.E-mail: marketing@uttam galva.comWebsite: www.uttamgalva.com

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