Jindal Steel & Power Ltd. will buy Shadeed Iron & Steel Co. of Oman for $464 million, including debt, in the third-biggest global purchase by an Indian steelmaker. Jindal Steel, has tied up $400 million of bank loans to fund the acquisition. The purchase includes liabilities of as much as $79 million.
Jindal Steel is expanding to the Middle East as
Shadeed is installing a 1.5 million-metric-ton sponge-iron plant at the
| Company Name | CMP |
|---|---|
| Jindal Steel | 1269.50 |
| Lloyds Metals&Energy | 1622.70 |
| Jai Balaji Inds | 72.59 |
| Steel Exchange India | 8.96 |
| Rajputana Stainless | 125.90 |
| View more.. | |
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