SCRAPPING OF OLD CARS

Manish,

You may want to look up following links :

https://myblogepage.blogspot.com/2018/02/car-grave-yard-of-world.html

https://myblogepage.blogspot.com/2018/06/mahindra-accelo-saluting-pioneer.html

https://myblogepage.blogspot.com/2018/07/scrapping-old-vehicles-swiss-challenge.html

https://myblogepage.blogspot.com/2018/08/rename-it-vehicle-recycle-policy.html

regards,

dadu

Liberty House plans to turn ABG Shipyard into steel plant

Sanjeev Gupta’s Liberty House has placed a bid of ₹ 5,200 crore for ABG Shipyard, which owes close to ₹ 19,000 crore to creditors

As it stands now, Gupta said, “ABG is a junkyard. It has been vandalized and now you will only find stray dogs there. The shipbuilding business is not something we’re planning on. The yard is well-located; it’s got a good shiplift. It can be used for breaking ships for scrap and that serves our green steel (recycled steel) objective. The business model we have in mind is completely different. ABG is a difficult asset and we are looking at the long-term play of making it into a steel plant. Building ships is not a viable business here, that’s why shipyards are in the doldrums in India.