Pula Steel steams back into production

Pula Steel has emerged from an extensive legal wrangle after the Court of Appeal approved the P18.3 million sale of the pioneering steel plant to Sherashiya Pty Ltd last March. Prior to that, operations at the Selebi Phikwe-based plant had been suspended since 2017.

Sherashiya’s local managing director, Gopal Hebbar, told BusinessWeek that operations were gathering speed at the plant, with plans for expansion of output and employee numbers, as well as product lines.