The MoU is scheduled to be signed during the next visit of the Italian Industry delegation in January 2018.
"It will reduce the pool of resolution applicants who can participate in competitive bidding for the assets which are put on the block," some company officials said.
The upgrade of Vedanta's ratings reflects stabilising commodity prices.
US Commerce Department establishes anti-dumping duties on imports of cold-drawn mechanical steel tubes
Retroactive duties could be applied if Commerce and the ITC affirm that critical circumstances exist and are materially injuring or threatening injury to domestic producers.
This is particularly significant since the steel ministry has already notified that preference will be given to locally made steel for procurement by the govt and PSUs.
The company posted net revenue of Rs 2,608 crore for the quarter ended September 30
The company’s turnover jumped 39% to Rs 2,421 crore for the quarter under review
She also attended a Round table conference of FICCI-UKIBC on Monday. During her meeting with Mittal she is believed to have invited the billionaire industrialist to invest in Bengal.
Net sales in the second quarter ended September 30, 2017 was Rs 2,420 crore, an almost 43 per cent rise, compared to Rs 1,695 crore in the previous corresponding quarter.
Total income jumped to Rs 539.57 crore in Q2FY18, more than double the amount of Rs 213.72 crore the company had reported in the same period last year.
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