August 26, 2016 3:03 AM ET

Industrial Conglomerates

Company Overview of Abhijeet Group

Company Overview

Abhijeet Group engages in power, mining, roads construction, steel, and ferroalloys businesses in India. The company engages in the development and generation of thermal power, development of coal and iron ore mines, development and construction of highways and infrastructure projects, and development of steel projects. It also produces hi carbon Ferro manganese and hi carbon silico manganese for European and South East Asian Markets. The company is based in Nagpur, India.

39, Ambazari Layout

Nagpur,  440 010

India

Phone:

91 71 2224 9903

Fax:

91 71 2223 6660

Key Executives for Abhijeet Group

Chairman and Managing Director
Age: 61
Chief Executive Officer of Corporate Ispate Alloys Ltd
Whole Time Director
Age: 38
Whole Time Director
Whole Time Director
Compensation as of Fiscal Year 2016.

Abhijeet Group Key Developments

SBI Subsidiaries Reportedly Put Loans Up For Sale

Some subsidiaries of State Bank of India (BSE:500112) (SBI) have put their loans to Abhijeet Group on sale to asset reconstruction companies. People familiar with the development told Financial Express that the total value of assets for sale could not be determined, however, lenders said these companies owed banks INR 79 billion. "Some banks had approached us earlier and now SBI subsidiaries have also reached out to us," an executive at a Mumbai-based asset reconstruction company said. The SBI subsidiaries include State Bank of Travancore (BSE:532191), State Bank of Hyderabad Ltd. and State Bank of Mysore (BSE:532200).

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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