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Jindal SAW gets approval for disposal of subsidiary

18 May 2023 Evaluate

Jindal SAW has received in principle approval from board of directors to dispose off (either by way of sale or liquidation) Green Ray Holdings, United Kingdom, subsidiary of the Company along with its step down subsidiary, Derwent Sand SARL, Algeri. The board of directors at their meeting held on May 17, 2023 has approved the same. 

Jindal SAW is one of the country’s topmost industry houses and the foremost indigenous steel producers and exporters.



Peers
Company Name CMP
JSW Steel 1169.00
Tata Steel 173.60
Steel Authority 171.50
Jindal Stainless 707.85
APL Apollo Tubes 2105.10
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