Board of JSW Steel approves scheme of arrangement

At meeting held on 27 May 2022

The Board of JSW Steel , Creixent Special Steels (CSSL) and JSW Ispat Special Products (JISPL) at their respective meeting held today have approved a scheme of arrangement for the amalgamation of JISPL and CSSL with and into JSW Steel.

CSSL is a joint venture between JSW Steel and AION Investments Private II and is in the business of trading in steel and steel products and holding investments.

JISPL (formerly Monnet Ispat & Energy) is a special steel products manufacturer catering to seamless pipe, automobile, and high speed rail industries. It has a crude steel manufacturing capacity of 1.2 MTPA at its integrated steel plant in Raigarh and its plant at Raipur.

 

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