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01 Nov
09:28

JSW Steel acquires Dolvi coke plant in full

JSW Steel has acquired the remainder of Dolvi Minerals and Metals (DMMPL) in order to secure coke feedstock for its Dolvi steelworks, Kallanish learns from the Indian steelmaker. JSW will thus go from owning a 39.996% stake in DMMPL to being the full owner of the subsidiary, which recorded an INR 15.76 crores ($2.13 million) turnover in the fiscal year through March 2018. DMMPL’s main business is trading in coal and lignite, as well as products of coa…
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