JSW Steel today said a Rs 523 crore initial payment from a promoter has been forfeited, as the promoter group entity could not convert warrants worth Rs 2,117.5 crore.
India's steel production is expected to grow by 4-5% , but the situation would improve next fiscal if parliament passes the land acquisition bill and the new mining bill.
Ruias-promoted Essar Group today said the Zimbabwe government's move will help it fast track the USD 390-million revival plan of the ailing steel maker.
SAIL and South Korean Posco seem to have buried their differences, with the both parties showing flexibility in finalising the Rs 13,000-crore joint venture to set up a steel plant at Bokaro in Jharkhand.
SAIL and South Korean Posco seem to have buried their differences, with the both parties showing flexibility in finalising the Rs 13,000-crore joint venture to set up a steel plant at Bokaro in Jharkhand.