JSW Steel, which last week tied up with Japanese steel giant JFE for technology, may sell as much as 40% in its upcoming 10-million tonne steel unit in West Bengal to its overseas partner. At JSW Steel level it will be a minority stake, whereas, in JSW West Bengal, it could be in excess of 26% or 40%, said Sajjan Jindal, JSW managing director.
JFE could end up investing close to $1 billion in buying up to 40% stake in JSW Bengal Steel. These funds would be used to build the steel plant which is estimated to cost about Rs 35,000 crore. The company expects the construction of
Currently, JSW Steel holds 89% stake in the subsidiary, while the rest is held by the
JSW Steel last week announced a strategic alliance with
| Company Name | CMP |
|---|---|
| Tata Steel | 206.60 |
| JSW Steel | 1215.20 |
| SAIL | 166.10 |
| Jindal Stainless | 779.95 |
| APL Apollo Tubes | 2064.15 |
| View more.. | |
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