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JSW Steel’s firm Caretta Minerals to sell assets to West Virginia Properties

22 Sep 2023 Evaluate

JSW Steel’s step-down subsidiary -- Periama Holding LLC’s step-down subsidiary -- Caretta Minerals LLC has entered into an agreement to sell its plant and equipment for a consideration of $24 million to West Virginia Properties.  The deal also includes the sale of property of Caretta Minerals LLC and mineral rights to West Virginia Properties. 

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.

Peers
Company Name CMP
JSW Steel 1230.00
Tata Steel 179.10
Steel Authority 174.00
Jindal Stainless 732.40
APL Apollo Tubes 2119.90
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