Jindal had offered Rs 19,700 crore to lenders as upfront cash for takeover of the company
The cast and forged rolls maker was admitted to NCLT last December after an operational creditor filed an application under Section 9 of the Insolvency and Bankruptcy Code
The initiative remains a marketing actitivity and is not a registered company
Vodafone Idea's net worth has completely eroded and it faces Rs 58, 254 crore adjusted gross revenue liability
World steel association has also lowered its forecast for steel demand for calendar year 2020
"We cannot keep making money by buying cheaper Chinese raw materials for our business while our soldiers are getting killed at the LAC," Jindal said.
Currently, JSW Group imports material worth $400 million from China but aims to bring it down to nil over the next two years
The government has announced a phased exit from the over-two-months-long nationwide lockdown
75-day wait ends today but getting customers and labour back is a challenge
In February, JSW Energy said it would acquire GMR's Kamalanga power project (1,050 Mw) in Odisha for Rs 5,321 crore.
Refinancing high-cost debt into low-cost debt is possible, thanks to the RBI's TLTROs
JSW Group Chairman Sajjan Jindal says unless the government takes proactive steps, demand recovery could take 4-5 months.
CEOs warn of economic depression, say need to work within new normal
The net debt of JSW at the end of December quarter was at Rs 49,552 crore
On Feb 17, NCLAT had permitted JSW Steel to acquire the bankrupt company and granted it immunity from prosecution by the Enforcement Directorate
Currently, the company's colour-coated steel manufacturing capacity is around 0.75 MTPA
If we are to become a $5 trillion economy, then we need at least 7 per cent to 8 per cent GDP growth, if not higher, says Sajjan Jindal
Sebi, in its October 2017 report on corporate governance, said listed firms should have a different person heading the management and another in place as chairman of the board
Under the pact, an amount of Rs 351.77 crore will be converted into equity shares of JPVL with a face value of Rs 10 each and Rs 280 crore will be written off, JSW Energy said in a BSE filing
CMD of Indian steel giant JSW Steel, Sajjan Jindal, has been elected as the Treasurer of worldsteel