Search results
Results From The WOW.Com Content Network
In May 2023, JSW Steel reached an in-principle agreement with JFE Steel to establish a 50:50 joint venture to manufacture cold-rolled grain-oriented (CRGO) electrical steel in India. [46] [47] In March 2024, JSW Steel Italy SRL inked an MoU with the Government of Italy to invest €140 million in restarting production at the Piombino plant. [48]
The JSW Group was founded in 1982 when Jindal acquired a re-rolling mill located in Tarapur, Maharashtra, near Mumbai, from Piramal Steel. [5] Following the acquisition, the group renamed it Jindal Iron and Steel Company (JISCO).
During the early 2000s recession, heavy losses forced the company, as well as Essar Steel and JSW Steel, into debt restructurings. [2] However, the company was not able to implement a turnaround and in 2010, losses reached Rs 2,500 crore. [2] In 2010, JSW acquired a 41.57% interest in the company for ₹2157 crore and renamed it JSW Ispat Steel.
Moody's Investors Service, ( " Moody's " ) has confirmed JSW Steel Limited's Ba2 corporate family rating (CFR) and Ba2 senior unsecured debt rating. The outlook has been changed to negative from ...
He promoted Jindal Vijaynagar Steel Limited (JVSL), JSW Energy Limited (JSWEL), Jindal Praxair Oxygen Limited. (JPOCL) and Vijaynagar Minerals Private Limited. (VMPL) to ensure complete integration of the manufacturing progress in 1995. In 2005, his steel companies, JISCO, and JVSL, were merged to form JSW Steel, and a holding group of the same ...
Majority of the steel companies such as Jindal Stainless, JSW Steel, Bhushan Steel, Lloyd's Metal etc. were established in the 1970s and 1980s. [2] The Indian steel industry was de-licensed and de-controlled in 1991 and 1992 respectively.
For premium support please call: 800-290-4726 more ways to reach us
JSW Vijayanagar Power Station, Toranagallu village in Bellary district, Karnataka. It is a 1460 MW (2x130,4x300 MW) plant. [4] JSW Ratnagiri Power Station, Nandiwade village near Jaigad in Ratnagiri district, Maharashtra. It is a 1200 MW (4x300 MW) plant. [5] JSW Barmer Power Station, Bhadresh village in Barmer district, Rajasthan. It is a 1080 ...