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JSW Steel eyes value-added acquisitions

22 Nov 2011 Evaluate

India's third-largest steelmaker JSW Steel is actively looking to acquire steel companies in India with capacity for value-added products, as it looks to boost margins and expand its offerings. JSW Steel, in which Japan's JFE Holdings owns about 15%, is looking for acquisitions of galvanising and colour-coating steel mills of between 150,000 to 200,000 tonnes capacity. Late last year, JSW had bought a controlling stake in rival Ispat for Rs 2,475 crore, expanding its operations and taking its total steelmaking capacity up to 14.3 million tonne.

Peers
Company Name CMP
JSW Steel 1187.00
Tata Steel 167.25
Steel Authority 165.00
Jindal Stainless 688.40
APL Apollo Tubes 2021.00
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