Jsw Steel News
JSW Steel plans to ramp up production capacity; firm mulls to implement total quality management in all units
JSW Steel on Thursday said it has plans to increase its manufacturing capacity to 44-45 million tonnes per annum by 2030 from the present 19 million tonnes.
The investment in downstream capabilities by JSW Steel is aimed at capitalising the incremental demand expected to be generated across sectors for specialised steel.
JSW Steel's total expenses swelled to Rs 18,583 crore during the quarter under review as against Rs 16,005 crore in the corresponding period of the previous fiscal.
Last month, Adani Enterprises had filed a plea in the Bombay High Court seeking quashing of all LRs against its firms that are under probe for alleged over-invoicing of Indonesian coal imports.
ArcelorMittal had submitted a revised offer for Essar Steel which also included a commitment to pay Rs 7,000 crore dues to the financial creditors of Uttam Galva and KSS Petron to be eligible in the race to acquire the debt-laden firm.
World's leading steel giant ArcelorMittal has sweetened its offer for Essar Steel, as the bids received in the second round for the debt-ridden firm were opened by its lenders on Monday.
Essar Steel insolvency: Second round bids put in by Numetal, ArcelorMittal and Vedanta to be opened today
The Resolution Professional, overseeing the auction of Essar Steel to recover over Rs 49,000 crore of unpaid loans, sent emails to all the three bidders to be present on Monday
A two-member bench of the NCLAT headed by Chairman Justice S J Mukhopadhaya directed lenders of the Essar Steel to expeditiously take a decision.
JSW Steel, promoters acquire around 88% stake in bankrupt Monnet Ispat after NCLT approves Rs 2,875 cr bid
Monnet Ispat, once one of the country's foremost steelmakers, ran a successful coal-based sponge iron plant with an annual capacity of 1.5 million tonnes in Chhattisgrah
Of the $1.39 billion invested in July this year, $608.52 million was the equity capital, $406.74 million was through loan and $371.86 million came in the form of issuance of guarantees.
On 6 August, the National Company Law Appellate Tribunal (NCLAT) had extended the deadline for submission of revised bids for Bhushan Power and Steel by one week on the plea of Tata Steel, a resolution applicant in this
Bhushan Steel case: SFIO arrests former promoter and vice chairman Neeraj Singhal for fund diversion
Bhushan Steel is one of the 12 big cases that had been referred for insolvency resolution by banks.
NCLAT extends deadline for submission of revised bids for Bhushan Power & Steel on plea of Tata Steel
Bhushan Power and Steel was among the 12 non-performing accounts referred by RBI for NCLT proceedings.
The bankrupt Monnet Ispat owes over Rs 11,000 crore to a clutch of lenders.
JSW Steel's total income in the April-June quarter increased to Rs 20,577 crore from Rs 16,412 crore in the year-ago period
Bhushan Power & Steel insolvency: NCLAT allows lenders to meet and finalise bid for the debt-ridden company
Vacating its earlier stay, the appellate tribunal has directed the committee of creditors (CoC) of the company to consider the resolution plans submitted by three firms -- Tata Steel, Liberty House and JSW Steel
Monnet Ispat bankruptcy: Aion Investments-JSW Steel consortium wins bid, lenders to take 74% haircut
Aion-JSW consortium was sole bidder for 1.5 million tonne asset of Monnet Ispat in Chhattisgarh. JSW Steel said the detailed NCLT order is awaited
JSW Steel to revamp acquisition strategy post recent setbacks, aims to take over smaller plants in India and abroad
JSW Steel, India’s biggest steelmaker in terms of domestic capacity, failed to outbid rival Tata Steel in March for bankrupt steelmaker Bhushan Steel
ArcelorMittal seeks disqualification of Russia's VTB Capital-backed NuMetal's bid for Essar Steel acquisition
Locked in a direct fight to acquire Essar Steel, ArcelorMittal on Thursday sought disqualification of Russia's VTB Capital-backed NuMetal Ltd, alleging that the firm was acting in concert with delinquent promoters of Essar group