Visa Steel sells stake to SunCoke Energy in subsidiary Visa Coke

Kolkata-based steel maker Visa Steel Limited (VSL) has decided to sell 49 % of its stake in its subsidiary Visa Coke (its 400,000-tonne capacity coke oven battery) to New York-listed SunCoke Energy for Rs 368 crore. VSL was incorporated in 1996, is promoted by Mr V. Saran of Kolkata, a Mining Engineer and the ex-Director (raw materials) of Tata Steel, who ventured into business in 1994. The day-to-day affairs of the company are looked after by Mr Vishal Agarwal, supported by Mr P.R. Bose and a

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