06
Jan
16:01
JSW completes Vardhman Industries acquisition
JSW Steel has completed its acquisition of Vardhman Industries Limited (VIL) after infusing its commitment of INR 63.50 crores ($8.9 million) in VIL. JSW has thus been issued equity shares and compulsorily convertible debentures in VIL, and now holds a 100% stake in the coil coater.
Rajpura-based Vardhman Industries Limited is a producer of hot-dip galvanized and colour-coated coil, with a 2,500-3,000 tonnes/month production capacity.
Its revenue fell -8% on-year…
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Very good overview of the weekly steel market.
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