JSW Steel set to acquire land for 13 million tonne steel plant in Odisha
NEW DELHI: Domestic steel major JSW Steel is in the process of acquiring land at Jagatsinghpur in Odisha where it has proposed to set up a 13.2 MTPA greenfield steel plant, a top company official said. Speaking to PTI, JSW Steel Director – Commercial Marketing and Corporate Strategy Jayant Acharya said it is the same […]
Goa government issues Rs 156 crore demand notice to JSW Steel
PANAJI: The Goa government has issued a demand notice to JSW Steel Ltd, handling coal at Mormugao Port Trust (MPT), to pay Rs 156.34 crore in the form of Goa Rural Improvement and Welfare Cess, within a fortnight, for transportation of coal. In a demand notice issued on November 9, 2020, copy of which was […]
JSW Steel output grows 5 per cent in August to 13.17 lakh tonnes
NEW DELHI: JSW Steel on Wednesday reported a 5 per cent growth in its crude steel production at 13.17 lakh tonnes (LT) for August 2020. The company’s output in August 2019 had stood at 12.53 LT, the steel maker said in a statement. On a month-on-month (MoM) basis, JSW Steel’s output in August 2020 was […]
JSW Steel reports 60 per cent fall in output at 5.63 LT in April
NEW DELHI: JSW Steel has registered a sharp fall of about 60 per cent in its crude steel production at 5.63 lakh tonne (LT) amid lockdown during April 2020. The company had produced about 13.90 LT of crude steel during the same month in 2019. “JSW Steel reports crude steel production at 5.63 LT for […]
JSW Steel declared preferred bidder for Jajang iron ore block in Odisha
NEW DELHI: JSW Steel on Monday said it has been declared as a preferred bidder for Jajang iron ore block in Odisha. The Sajjan Jindal-led firm has bagged the iron ore mine in the auction of blocks in Odisha. The block holds estimated reserves of 39 million tonne. “The company (JSW Steel) has been declared […]
NCLT approves JSW Steel’s Rs 19,700 crore bid for Bhushan Power & Steel
NEW DELHI: The National Company Law Tribunal (NCLT) today approved JSW Steel Ltd.’s $2.7 billion (Rs 19,700 cror) bid for Bhushan Power & Steel Ltd., the second major steel asset the mill has bagged under the nation’s new insolvency process. The NCLT approved the offer while stating that profits made by Bhushan Power during the […]
JSW Steel seeking legal opinion for Essar Steel solo bid
NEW DELHI: JSW Steel Ltd is seeking a legal opinion if it can bid solo for stressed assets of Essar Steel if fresh bids were allowed, joint managing director Seshagiri Rao said on Tuesday. “It depends upon the legal opinion and the view of the CoC (committee of creditors) and the resolution professional (RP). If […]