Financial ExpressMay 24, 2022Over Rs 100 crore stuck in delayed payments to iron, steel traders in Delhi, says associationCredit and Finance for MSMEs: Traders at Delhi-based Naraina Loha Mandi, one of North India’s prominent hubs for iron and steel trading represented by Naraina Iron and Steel Merchants’ Welfare Association, are having over Rs 100 crore stuck in delayed payments from various buyers. “By a conservative estimate, the money stuck would be more than Rs 100 crore for traders based in Delhi. However, we don’t have the exact data on delayed payments,” Rajesh Aggarwal, CEO, Shiv Shakti Iron Traders and association’s General Secretary told Financial Express Online. The association represents over 700 traders.Read more at Financial Express
Credit and Finance for MSMEs: Traders at Delhi-based Naraina Loha Mandi, one of North India’s prominent hubs for iron and steel trading represented by Naraina Iron and Steel Merchants’ Welfare Association, are having over Rs 100 crore stuck in delayed payments from various buyers. “By a conservative estimate, the money stuck would be more than Rs 100 crore for traders based in Delhi. However, we don’t have the exact data on delayed payments,” Rajesh Aggarwal, CEO, Shiv Shakti Iron Traders and association’s General Secretary told Financial Express Online. The association represents over 700 traders.Read more at Financial Express
