14
Feb
16:20
JSW nears Bhushan Power & Steel takeover
JSW Steel has taken a step towards acquiring Bhushan Power & Steel after accepting a Letter of Intent issued by the insolvent flat steelmaker’s Committee of Creditors.
The closure of the transaction is subject to obtaining necessary approval from the National Company Law Tribunal, New Delhi.
Bhushan Power & Steel has a 2.3 million tonnes/year crude steelmaking capacity, with hot strip mill, cold rolling mill, galvanising plant and galvalume plan…
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Anonymous
Very good overview of the weekly steel market.
Anonymous