See low demand situation at the end of the cycle
JSW is also rolling out JSW Platina, a premium tinplate targeted at the packaging industry
Firm seeks forensic audit reports of banks from RP, Tribunal asks for copy of its plea to RP, after which it would consider JSW request on August 6
The firm highlighted this was the highest ever output by any blast furnace in India
The total admitted debt in the resolution process was around Rs 6,500 crore
Last month, the company's output of flat rolled products rose 6 per cent to 1.02 MT from 956,000 tonne in the same month last year, JSW Steel said in a statement
The MD maintained that he would not get into the argument with those questioning the sale of land, previously allotted to it on lease
Company board passes a resolution to raise up to Rs 14,000 crore as long-term resources
Lending, particularly by the NBFCs, has slowed down dramatically. Auto and housing loans are majorly driven by the NBFCs in addition to banks and that tap is closed
The company, which is rated one notch below the investment grade, managed a coupon of 5.95 per cent
The five-year dollar money sale saw high demand from investors across Europe and Asia, and had attracted bids worth $ 1.75 billion
Funds will be raised in one or more tranches, in the international market either by JSW Steel or by any of its overseas subsidiaries backed by a corporate guarantee of the company
The subdued iron ore prices would also benefit Tata Steel as Bhushan Steel (a company Tata Steel took over in insolvency resolution) sources ore from Odisha, a report by Edelweiss Research said
Company teams starts reviewing work at BPSL's Odisha plant, aims to bump up production.
For Duferco International Trading Holding the transaction assures a captive supply of various steel products from JSW over the term of the advance payment and supply agreement
Sources close to the development said the next step was to file the resolution plan with the National Company Law Tribunal (NCLT) for approval
Rising iron ore and coking coal prices, depreciation of acquired global assets drag bottomline
Its total income in the quarter under review increased 11% to Rs 20,355 cr
JSW, India's biggest steelmaker, and Duferco had a prepayment deal in 2006 for $150 million in upfront cash that would be repaid over seven years with steel cargoes
Switzerland-based Duferco, backed by banks, would provide the cash to be repaid with physical steel