A $600 million dollar deal would equate to about 1 million tonnes of steel supply
Competition from competent new players will help the industry grow faster, and JSW Steel will benefit because of its head start, says Sajjan Jindal, Chairman and Managing Director of the company
JSW Steel CMD Sajjan Jindal has built the country's largest steel company, overcoming several problems in the past 25 years
JSW Steel is a part of the diversified $13 billion JSW Group
Metal stocks in India are feeling unloved by investors, with one exception: the country's top steelmaker JSW Steel
India requires eight to nine mt (more) every year. The capacities that are coming up might not be sufficient to meet this growing demand, says Rao
Apart from Asian Colour Coated, JSW has also submitted EOI for Uttam Value Steels which too is on the RBI's second list of NPAs
JSW Steel is the largest producer of steel in India
The Sajjan Jindal-led company had produced 13.43 LT crude steel in October 2017
The plant is expected to be completed by March 2020
Expansions, acquisitions and backward integration to drive future earnings
Increased volume sales, better realisation lend strong support to bottomline
Its total consolidated revenue from operations in the quarter under review was Rs 215.52 billion, compared with Rs 172.40 billion in the same quarter last year
After the acquisition, DMMPL has become a wholly owned subsidiary of JSW Steel, which along with its nominees now holds 100 per cent of the issued and paid-up equity share capital
'JSW Steel is exploring differentiated financing options, including joint control model, to fund its acquisition of stressed assets of Bhushan Power and Steel'
The government is looking to put on block over 100 mines in the next six months, according to the ministry
Under the joint control model, a special purpose vehicle (SPV) will be set up and the acquired stressed assets will rest with the SPV
JSW Steel is a leading integrated steel company in India with an installed steel-making capacity of 18 MTPA
JSW Steel has pledged Rs 550 billion investment on the mega steel plant and attendant infrastructure - a captive power plant, a slurry pipeline and pellet unit
JSW Steel has very strong financials and substantial cash generation, says Seshgiri Rao