JSW Steel today inked a pact with Algerias Cevital to buy its Italian arm Aferpi for around Rs 600 crore, a source in the know of the development said today.
Beefed up by strong set of numbers for the previous quarter and rising steel prices, JSW Steel yesterday announced that it will hike up its steel capacity by 37 per cent in the next two years. Clearly, it does not intend to relinquish its position as India’s largest steel maker to Tata Steel.
JSW Steel, part of the $12 billion JSW Group, today announced it will invest Rs 39,715 crore over the next three years in significantly ramping up capacity, including two power plants, pellet project and coke over plants. The announcement was part of a statement made by the company on its fourth quarter performance. The firm […]
JSW Steel today said the Competition Commission of India has approved bid by a consortium led by it to acquire bankrupt Monnet Ispat and Energy Ltd (MIEL) in an insolvency auction.
Lenders to the Bhushan Power and Steel (BPSL) are likely to meet next week to choose the most eligible bidder for the troubled steelmaker. Sources said BPSL’s resolution professional (RP) Mahender Kumar Khandelwal has now asked
Indian steel tycoon and visionary Mr Sajjan Jindal spoke to Pavan Lall of Business Standard on how he sees JSW Steel’s future and the possibility of his company not being the number one steelmaker and why he simply refuses to go in for acquisitions at any price in the ongoing bankruptcy proceedings.
JSW Steel is not eligible to participate in the re-bidding process for bankrupt Essar Steel as bankers have decided to allow only those who submitted expressions of interest for the first round of bidding, group chairman Sajjan Jindal said today.
JSW Steel Ltd said on Monday its US unit would invest up to $500 million to expand its Texas operations, as part of a Memorandum of Cooperation signed with the Texas Governor’s office.
India’s JSW Steel Ltd said on Monday it would spend $500 million to build out its U.S. operations in Texas, amid heightened global trade tensions following U.S President Donald Trump’s decision to pursue steep import tariffs.
Moody’s Investors Service has upgraded JSW Steel Limited’s corporate family rating (CFR) and senior unsecured bond rating to Ba2 from Ba3 on hopes of improved sales driven by growing domestic demand.