Despite the global slowdown and sluggish market conditions, RKKR Steels, one of the oldest and leading steel manufacturers in south India, has secured private equity (PE) infusion of Rs 136 crore from Mauritius-based ADG Fund to part-fund its ongoing 0.5 million tonnes per annum integrated steel project in Andhra Pradesh. RKKR is implementing a Rs 1,100-crore integrated steel project at Krishnapatnam, which would be set up under a separate company called SBQ Steels, will make special and alloy steels for automotive ancillary units. The project is being implemented over three phases. […]