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JSW Ispat signs Rs61.5 billion debt refinancing deal

03 Aug 2011 Evaluate
JSW Ispat Steel has signed a deal to refinance Rs.61.5 billion of debt,enabling it to exit from a corporate debt restructuring programme. The steelmanufacturer was taken over by JSW Steel last year after it ran up big losses.It posted a net loss of Rs. 7.4 billion for the six months ended last December.India’s No. 3 JSW Steel had bought a controlling stake in Ispat for $476million to expand its operations.crackcrack
Peers
Company Name CMP
JSW Steel 1345.20
Tata Steel 187.00
Steel Authority 176.40
Jindal Stainless 713.00
APL Apollo Tubes 2250.00
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