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JSW Steel with Nu Metal submits bids for Essar Steel

03 Apr 2018 Evaluate

JSW Steel in the capacity of an investor joined Nu Metal & Steel in submitting binding bid for Essar Steel, which is under the corporate insolvency resolution process as per the provisions of Insolvency Bankruptcy Code 2016. This step has been taken by the company as part of its growth strategy, while expanding its capacities through brown-field expansions.

JSW Steel is a part of the diversified $12 billion JSW Group, which has a presence in Steel, Energy, Infrastructure, Cement, Ventures and Sports.


Peers
Company Name CMP
JSW Steel 1245.00
Tata Steel 167.70
Steel Authority 159.70
Jindal Stainless 674.25
APL Apollo Tubes 2161.00
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