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Jindal Saw to acquire up to 31.20% equity share capital in RGMHH

18 Dec 2024 Evaluate

Jindal Saw has entered into share purchase agreement with ReNew Green Energy Solutions (RGES) to acquire shareholding up to 31.20% equity share capital in ReNew Green MHH One (RGMHH) which resulted RGMHH as associate of the Company. The objective of acquisition is to procure electricity at concessional rate. 

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 1251.20
Tata Steel 169.50
Steel Authority 161.20
Jindal Stainless 683.10
APL Apollo Tubes 2199.85
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