Page 14 - Jsw Group
Shares of JSW Steel gain 5% after completion of Bhushan Power deal
Shares of JSW Steel on Tuesday gained 5 per cent after the company said it has paid Rs 19,350 crore to the financial creditors of Bhushan Power & Steel Ltd towards the implementation of resolution plan for acquiring the firm. The stock jumped 5.08 per cent to close at Rs 467.55 on BSE. During the day, it gained 5.62 per cent to Rs 470. On NSE, it rose by 4.99 per cent to settle at Rs 467.45. With the move, JSW Steel has closed the acquisition of Bhushan Power & Steel Ltd (BPSL). "Pursuant to the implementation of resolution plan, the inter-alia included payment of Rs 19,350 crore to the financial creditors of BPSL and merger of SPV with BPSL, PSL (Piombino Steel Ltd) holds 100 per cent equity shares in BPSL," JSW Steel had said in a BSE filing on Friday. Markets were closed on Monday for Holi.
 "Shares of JSW Steel gain 5% after completion of Bhushan Power deal")
Power-packed jury to pick winners of BS Corporate Excellence awards today
Aditya Birla Group Chairman Kumar Mangalam Birla is the chairman of the seven-member jury
 "Power-packed jury to pick winners of BS Corporate Excellence awards today")
Top headlines: PM defends farm laws; SBI says will double home loans
Business Standard brings you top news of the evening
 "Top headlines: PM defends farm laws; SBI says will double home loans")
JSW Group to scale up JSW One as tech-based biz platform, enter e-commerce
May invest Rs 500-700 cr on e-commerce platform, extend JSW One platform to influencers in home-construction biz such as contractors, masons, engineers, architects, painters
 "JSW Group to scale up JSW One as tech-based biz platform, enter e-commerce")
Interups says it has Rs 13,500 cr ready for Air India, can invest billions
US based firm has $28 mn market cap, has already bid for several bankrupt firms in India such as Lavasa Corp, Asian Colour Coated Steel and Reliance Naval
 "Interups says it has Rs 13,500 cr ready for Air India, can invest billions")
Chowgule's Angre Port plans to host industrial units for assured cargo
The agri-based port of Angre is a riverine port that currently exports sugar and molasses to the tune of 0.5 million tonne annually
 "Chowgule's Angre Port plans to host industrial units for assured cargo")
JSW Cement arm to invest over Rs 1,500 cr to set up clinker unit in Odisha
The plant will have an annual capacity of 1.36 million tonne
 "JSW Cement arm to invest over Rs 1,500 cr to set up clinker unit in Odisha")
JSW Cement pushes back IPO plans by two years to December 2022
The company cited disruptions due to the pandemic and economic slowdown
 "JSW Cement pushes back IPO plans by two years to December 2022")
JSW Infra buys Chettinad Group's port terminals for Rs 1,000 crore
Acquisition to give company instant access to third-party cargo
 "JSW Infra buys Chettinad Group's port terminals for Rs 1,000 crore")
JSW One to combine distribution network of steel, cement businesses
The initiative remains a marketing actitivity and is not a registered company
 "JSW One to combine distribution network of steel, cement businesses")
IPL 2020: Delhi Capitals announce JSW Group as principal sponsor
Delhi Capitals announced JSW Group as the team's principal sponsor for the upcoming season of IPL to be held in UAE between September 19 to November 10
 "IPL 2020: Delhi Capitals announce JSW Group as principal sponsor")
Telecom can't afford duopoly: Jindal asks govt to ensure Voda Idea survives
Vodafone Idea's net worth has completely eroded and it faces Rs 58, 254 crore adjusted gross revenue liability
 "Telecom can't afford duopoly: Jindal asks govt to ensure Voda Idea survives")
JSW Steel posts Rs 582-cr loss for June qtr, income dips to Rs 11,914 cr
The firm's total expenses also dropped to Rs 12,504 crore, against Rs 18,164 crore a year ago
 "JSW Steel posts Rs 582-cr loss for June qtr, income dips to Rs 11,914 cr")
Court battle looms over Asian Colour Coated as bidder plans to move NCLT
RP rejects fresh EoI by Interups Inc, says JSW offer pending with NCLT
 "Court battle looms over Asian Colour Coated as bidder plans to move NCLT")
India-China clash: Can't make money while soldiers are killed, says Jindal
"We cannot keep making money by buying cheaper Chinese raw materials for our business while our soldiers are getting killed at the LAC," Jindal said.
JSW group will bring down China imports to zero in 2 years: Parth Jindal
While the firm's defence division does not import from China, its other businesses source products from that country.
 "JSW group will bring down China imports to zero in 2 years: Parth Jindal")
JSW Cement defers listing, expansion plans further amid Covid-19 crisis
The original plan was to evolve into a 20 mtpa company by 2020
 "JSW Cement defers listing, expansion plans further amid Covid-19 crisis")
Places of worship, hotels, restaurants and malls to reopen from today
75-day wait ends today but getting customers and labour back is a challenge
 "Places of worship, hotels, restaurants and malls to reopen from today")
Liquidity, labour and logistics are the key challenges: JSW Steel's Rao
Ensuring return of labour as important as sending them back home, says Seshagiri Rao
 "Liquidity, labour and logistics are the key challenges: JSW Steel's Rao")
Covid-19 won't impact us, examining if we need pay cuts: JSW Energy CEO
The privatisation of distribution in Union Territories is a positive move by the government, says Prashant Jain, joint MD & CEO of JSW Energy
 "Covid-19 won't impact us, examining if we need pay cuts: JSW Energy CEO")