Jindal Steel’s arm sells balance 51% stake in JSIS Oman

16 Apr 2021

Jindal Steel and Power’s (JSPL) wholly owned subsidiary -- Jindal Steel & Power (Mauritius) (JSPML) has sold the balance shareholding held by it, representing 51% of the share capital of Jindal Shadeed Iron and Steel LLC, Oman (JSIS Oman), step-down material subsidiary of the Company, to Vulcan Steel in the second and final tranche.

JSPL is one of India’s fastest growing and largest integrated steel manufacturers, significantly present in Steel, Power Generation and Infrastructure segments and catering to a large part of India's domestic energy and infrastructure requirement.

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