Surana Industries Limited Appoints R. Sadasivan as Resolution Professional by the Committee of Creditors

Surana Industries Limited is an India-based holding company. The Company is engaged in the business of manufacturing and trading of iron and steel products. Its segments include Steel, Power and Others. The Company's products include raw material, such as sponge iron lumps and sponge iron fines; semis-billets and blooms, such as mild steel, and carbon and alloy steel; finished goods-long products, such as thermo-mechanical treatment (TMT) re-bars, mild steel (MS) wire rod coils, carbon grade wire rod coils, plain rounds and round corner square (RCS), and finished goods-smaller structural sections, such as channels, angles and flats. The Company's by-products include char, dolochar, fly ash, bag filter dust and mill scales. The Company, through its subsidiary, Surana Power Limited, holds interest in a 35-megawatt coal fired power plant. The Company's factories are located in Gummidipoondi, Chennai and Raichur.