Performance Analysis of Electrosteel Steels Ltd. Pre, During and Post CIRP: A Case Study

Authors

  • S. K. Gupta MD & CEO, IPA of Institute of Cost Accountants of India, Delhi

DOI:

https://doi.org/10.33516/maj.v55i2.91-95p

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Abstract

The Corporate Insolvency Resolution Process (CIRP) of ESL was commenced on 21st July, 2017 and the resolution was approved on 17th april, 2018. India’s dedicated bankruptcy resolution programme, which seeks to untangle billions of dollars stuck in bad loans, recorded its second-biggest successful recovery to date after global resources major Vedanta acquired management control of Electrosteel Steels Ltd (ESL) and named a new board to run the distressed steelmaker. This paper provides the analysis of operational and financial performance of the company pre, during and post Corporate Insolvency Resolution process.

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Published

2020-02-29

How to Cite

Gupta, S. K. (2020). Performance Analysis of Electrosteel Steels Ltd. Pre, During and Post CIRP: A Case Study. The Management Accountant Journal, 55(2), 91–95. https://doi.org/10.33516/maj.v55i2.91-95p

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Section

Case Study

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