JSW Steel Ltd.

JSW Steel, in which Japan's JFE Holdings owns about 15%, is eyeing to acquire steel companies in India with capacity for value-added products. The company is looking actively in an effort to boost margins and expand its offerings.

The India's third-largest steelmaker is looking to acquire galvanising and colour-coating steel mills of between 150,000 to 200,000 tonnes capacity. JSW Steel had bought a controlling stake in rival Ispat for Rs 2,475 crore, late last year, expanding its operations and taking its total steelmaking capacity up to 14.3 million tonnes.

JSWSL is part of the JSW group which, in turn, is a part of the O.P. Jindal group. JSWSL 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.

The company’s net profit after tax for the quarter declined 71.46% at Rs 127.12 crore as compared to Rs 445.44 crore for the quarter ended September 30, 2010. However, its net sales has increased 29.12% to Rs 7668.97 crore for the quarter under review from Rs 5939.28 crore for the similar quarter of the previous year.