Sajjan Jindal-led JSW Group is planning an initial public offer (IPO) for its cement business in FY21 with plans to dilute at least 15% of the promoter shareholding.
The Ruias have got backing of JSW Steel Chairman and Managing Director Sajjan Jindal, and there is a possible financial support coming from Russia’s VTB Bank in their bid to retain Essar Steel, their crown jewel.
Hours after JSW Steel Chairman and Managing Director Sajjan Jindal said that the Ruia family should be given a chance to regain control of Essar Steel, ArcelorMittal has hit back.
Sajjan Jindal-led JSW Steel Wednesday said its crude steel output grew 2 per cent to 13.90 lakh tonnes (LT) during November this year. The company had produced 13.62 LT crude steel in November 2017, it said in a statement.
Sajjan Jindal’s JSW Energy plans to expand its portfolio in the hydroelectric power space by buying projects that are stymied by the lack of quality and large-scale projects of this kind that are up for sale.
Sajjan Jindal appears to have an advantage over N Chandrasekaran and Sanjeev Gupta in the race to acquire the bankrupt Bhushan Power & Steel.
Three years after losing the race to acquire Italy’s second-largest steelmaker, JSW Steel is set to make a comeback. The Sajjan Jindal-company is expected to sign a deal with Cevital – to whom it had lost out in 2014 – to buy Aferpi.
Sajjan Jindal-led JSW Energy announced on Monday that it has signed a pact with Maharashtra for setting up manufacturing units for electric vehicles (EV) and energy storage systems in the state.
A hike in iron ore prices by state-run NMDC has left steel companies with no choice but to pass on the increased production cost to customers, JSW Steel Chairman Sajjan Jindal has said.
After having made its mark on India’s auto manufacturing map, Gujarat is now hoping to emerge as the preferred destination for the production of electric and hybrid vehicles.