JSW Steel With Nu Metal Submits Bids For Essar Steel
2018-04-02 Announcements Metallurgical Industries Southern India
JSW Steel Limited is a leading producer of steel in India with an installed capacity of 18 MTPA. As part of its growth strategy, while expanding its capacities through brownfield expansions, it is also evaluating opportunities for inorganic growth. In pursuance to this strategy, JSW Steel Limited in the capacity of an investor joined Nu Metal & Steel Private Limited in submitting a binding bid for Essar Steel Limited, which is under the corporate insolvency resolution process as per the provisions of Insolvency Bankruptcy Code 2016.