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.
Given the growth of the domestic steel sector, India is likely to overtake the US to become the third-largest steel producer in the world in the next couple of years.
Given the growth of the domestic steel sector, India is likely to overtake the US to become the third-largest steel producer in the world in the next couple of years.
This month JSW hopes to start work on company's planned greenfield steel and power project, which promises 3 million tonnes in additional steel capacity in the first phase.