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JSW Steel to jointly bid to take over Italy’s loss-making Ilva steel plant: Report

30 Nov 2016 Evaluate

JSW Steel has reportedly joined one of two investor groups vying to take over Italy’s loss-making Ilva steel plant. The steel firm owned by billionaire Sajjan Jindal has signed an agreement with Italian state lender CDP, businessman Leonardo del Vecchio’s holding company and steelmaker Arvedi to make the bid.

Italy’s government has been trying to find a bidder for the plant, Europe’s largest by output capacity, since taking it over last year in a bid to save jobs and clean up its polluting factories. The world’s largest steel producer Arcelor Mittal has also offered to buy Ilva, in a joint bid with Italy’s Marcegaglia.

JSW Steel is part of the JSW group which, in turn, is a part of the O P Jindal group. JSW Steel is one of the largest steel manufacturing companies in India having units in Karnataka and Maharashtra producing crude steel, long steel and flat steel products.



JSW Steel Share Price

1277.70 -5.60 (-0.44%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Tata Steel 214.45
JSW Steel 1277.70
SAIL 184.80
Jindal Stainless 755.10
APL Apollo Tubes 1948.80
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