Seshagiri Rao pointed out a clarification on immunity to corporate debtor was required as there could be claims from other departments of govt which could eventually result in some problem
Part of the Sajjan Jindal-led group, the firm announced its foray into paints market last month with a portfolio of 1,808 shades, all priced at Rs 477 a litre
Odisha govt mulls seeking Centre's nod for transfer of forest clearance granted to jinxed Posco project at same location to JSW
JSW Group chairman claims this will keep existing promoters from gaining control
JSW bid for Lucchini in 2014 before it was sold to Algeria's Cevital Group and Aferpi was born
As the clock ticks, two of JSW Energy's big acquisition targets in the power sector are moving farther from a possible deal closure. In the scenario of the deal not fructifying, JSW Energy may be left in the uncomfortable role of a lender to two stressed assets. JSW Energy's accidental journey from potential buyer to lender started more than a year back in 2016. The year saw the power producer agree to acquiring two assets in two separate deals- Jaiprakash Power Ventures 's Bina power plant in Madhya Pradesh and Jindal Steel and Power's Tamnar power plant in Chattisgarh. In due course, JSW Energy also extended a loan to both the companies - Rs1000 crore to Jaiprakash Power and Rs500 crore to Jindal Steel and Power as part of two separate deal arrangements. This exposure, however, is now slowly turning into a concern as the deals face closure issues.The concerns are larger over JSW's exposure to Jaiprakash Power, compared to Jindal Steel and Power.An email query sent to JSW Energy on ..
Interview with BVJK Sharma, chief executive officer of JSW Infrastructure
Ray-Ban owner part of consortium
Major players have expressed interest in such projects after government cut Customs duty
Jaiprakash considering other option, including debt restructuring; might reconsider Rs 2,700-cr deal
JSW has already set up a team of around eight officials working on the car project for the past few month
Sale is to be executed through sale of shareholding in a special purpose acquisition entity called Bina Power Supply
Even as he bails out brother Naveen, Sajjan Jindal struggles with his US assets, which he acquired to bail out his elder brother
The 1000 MW plant will be purchased by forming an SPV; sale is a part of monetisation plan of JSPL
JSPL will sell 1,000-megawatt power plant in Chhattisgarh to JSW Energy
Meanwhile, re-commissioning work of the blast furnace at Dolvi unit in Maharashtra is in an advanced stage