JSW Steel Ltd.

BSE: 500228 | NSE: JSWSTEEL
Large Cap | Steel & Iron Products
1245.55
21.15 (1.73%)
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JSW Steel finalizes deal to acquire Aferpi for Rs 600 crore

Date: 18-05-2018

JSW Steel has finalized the deal to acquire Italy's second largest steelmaker Aferpi. The value of the deal is around Rs 600 crore. Aferpi has a capacity to produce 2.5 million tons of steel every year. It used to have an employee-strength of 2,000. Its operations include a blast furnace, a steel mill, a coke oven and a ports.

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.