Jindal Steel & Power’s a wholly owned subsidiary -- Jindal Steel Odisha (JSO) has acquired shareholding in Allied Strips (ASL). Consequently, Allied Strips has become a subsidiary of the company. ASL specializes in the manufacturing and supply of steel products. ASL produces a variety of steel items, including hot rolled coils, cold rolled coils, cold rolled close annealed (CRCA) steel, serving diverse sectors, including automotive, white goods, precision tubes etc.
The acquisition of ASL will help JSO to expand its product portfolio and provide significant synergies with the existing steel manufacturing business (steel produced in JSO can be used as a raw material in ASL).
Jindal Steel & Power 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.
| Company Name | CMP |
|---|---|
| Jindal Steel | 1269.50 |
| Lloyds Metals&Energy | 1622.70 |
| Jai Balaji Inds | 72.59 |
| Steel Exchange India | 8.96 |
| Rajputana Stainless | 125.90 |
| View more.. | |
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