Citizen firms eye BCL stake in Pula Steel

Pula Steel
Pula Steel

SELEBI-PHIKWE: Two citizen-owned firms, Wealth Generations and Vermas have proposed to buy BCL Mine stake in Pula Steel.

Speaking in an interview, Pula Steel chief executive officer, Ranvir Kumar Verma said his cash-strapped company has already applied for funding from an international financier.

“We have already written a letter of intent to BCL and as one of the requirements for that funding is a letter of approval from BCL as the major shareholder,” he said.

Editor's Comment
A promising step for public schools, but...

For too long, the state of many public schools has been a source of shame. We have all seen the pictures and heard the stories of broken windows, unreliable water and electricity, topped by classrooms that are not fit for proper learning. The establishment of the Education Infrastructure and Management Company Ltd (EIMC) signals that authorities are finally ready to take this problem seriously. We must commend the government for this initiative....

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