Mint

JSW Steel eyes sharp debt reduction through joint venture deal with Japan’s JFE

In a deal that is expected to ease its stretched balance sheet while sustaining an expansion drive, billionaire Sajjan Jindal-led JSW Steel will transfer the steel assets of Bhushan Power & Steel Ltd ...
Mint

JSW Steel to reorganise US operations, merge 3 domestic subsidiaries — details here

India-based steel manufacturer JSW Steel announced on Friday that its board has approved reorganisation of its operations in the United States and the merger of some domestic subsidiaries. The ...
Businessworld

Fitch Puts JSW Steel On Rating Watch Positive After JFE Joint Venture Plan

Proposed 50:50 venture with Japan’s JFE Steel could bring Rs 324 billion in cash and sharply cut leverage Fitch Ratings placed JSW Steel’s ‘BB’ Long-Term Issuer Default Rating (IDR) on Rating Watch ...