Bank of America-Merrill Lynch is handling the sale, which it aims to complete by the end of 2018
The acquisition would help JSW Steel expand its reach in the specialised steel market, especially in the automobile sector
JSW Steel is a part of the diversified JSW Group, which has presence in steel, energy, infrastructure, cement and JSW Ventures
JSW Steel is a part of the diversified JSW Group, which has presence in steel, energy, infrastructure, cement and JSW Ventures
Arcelor Mittal, one of the world's largest steel players, has nothing in India. It has sold its stake in Uttam Galva
JSW Steel has been declared as an eligible resolution applicant, says Seshagiri Rao, joint managing director and group chief financial officer
At present, the JSW mill's capacity utilisation is less than 30%
The capex plan, which will be completed by March 2020, includes setting up a melt manufacture contiguous plate and pipe facility in Texas
Company has shown interest in three assets keeping minority stake, ring-fencing itself from their liabilities
Last week, Fitch Ratings also revised its outlook on JSW Steel to 'stable' from 'negative'
Same land had been okayed for Posco, but since cleareance was project-specific, JSW will have to apply afresh
JSW Steel's third quarter crude steel production was up 7 per cent to an all-time high of 4.11 million tons
Sajjan Jindal led JSW Steel is looking at the possibility of starting project activity in the next fiscal on its 12 milion tonne mega steel plant proposed near Paradip in Odisha.The steel maker has committed an investment of Rs 55,000 crore on the integrated steel mill, 900 Mw captive power plant, 32 million tonne pellet unit, a captive port and a slurry pipeline to transport iron ore concentrates from Joda to the project site proposed near Paradip."JSW Steel can start work on the ground after they get land from the Odisha government. The government is processing the land requirement and we believe the identified land can be transferred to the company soon", said an Odisha government official.JSW Steel officials did not respond to queries sent by Business Standard. A questionnaire mailed to the company remained unanswered.The 12 million tonne steel unit by JSW Steel is to come up on 2700 acres land. It is the same land parcel alienated for the South Korean multi-national Posco that ...
The company's crude steel production was at 3.86 MT during the same quarter of the preceding fiscal
Uttam Galva, a customer of JSW, had entered into a long-term raw material supply agreement with it last year
Firm has asked state govt to transfer all clearances, approvals to the newly formed JSW Utkal Steel Ltd
The Sajjan Jindal led-firm on Oct 25 this year, had sought the environment clearance for 13.2 million tonnes integrated steel plant
To bid for 4 assets with combined debt of Rs 109,000 crore next month
JSW Steel is among the six companies selected from the EoI submission stage
Sajjan Jindal controlled JSW Group with interests in steel, infrastructure and energy, has sought the green nod for its mega steel plant cum captive power plant (CPP) proposed near Paradip in Odisha.The company has applied for environment clearance for the crude steel plant of 13.2 million tonnes per annum (mtpa) and 900 Mw CPP to be set up within the integrated steel plant complex.The expert appraisal committee (EAC) of the Union ministry of environment, forest & climate change (MoEF&CC) would take up JSW Steel's case at its upcoming meeting of industrial projects scheduled on November 15."JSW's bid for environment clearance for steel plant and CPP would be vetted by EAC at its next meeting for industrial projects. Along with the steel plant and CPP, a cement unit by the group is also on the agenda", said an official source.JSW Steel had originally proposed to set up a 10 mtpa capacity shore-based steel plant in Odisha. It had asked for 4500 acres of land for the steel mill. .