The main issue with the JSW Steel proposal is the cut the lenders will have to take
JSW wants to absorb Bhushan Steel's Rs 45,000 cr debts at huge discount, seeks management change
JSW steel long-term vision is to become a 40 million tonne steel company
In 2015, JSW Energy had signed a non-binding agreement for Monnet Power, but it later backed out
Will bid for more iron ore mines as and when it comes up for auction, says senior management official
Italy's government has been trying to find a bidder for the plant, Europe's largest by output capacity
Flat steel production at 9.58 lakh tonne, up 30% on annual basis
Cost pressure will stay but volume growth expected to remain strong
Revenue in the second quarter stood at Rs 14,421 crore, up from Rs 11,993 crore in the same quarter last year
Thus far in 2016, the stock rallied 76% as compared to 8% rise in the S&P BSE Sensex.
Captive source of raw material to augur well for steel producer; estimated reserves of the five mines is 111 million tonnes
Company had clocked an output of about 1.07 MT during the same month in 2015, it said in a regulatory filing
It has two air separation plants, each with a capacity of 2,500 tonnes per day, in Bellary District of Karnataka
Rising volumes, improving realisations and softer input prices pushed performance; however, Sept quarter likely to be softer
Net sales of the steel producer stood at Rs 12,709 crore in the period under review, up 3% from same period last year
The company also completed very low-cost and returns-accretive capacity expansion projects at Vijayanagar, Dolvi and Salem
The firm also has an objective of achieving a capacity of 40 MTPA in the next decade
Company downgraded on deterioration of consolidated net leverage amid decline in fund flow from operations
Proceeds will be used to meet long-term capex needs and refinancing of expensive debt to reduce interest costs
The project would create up to 30,000 additional indirect jobs