22
Feb
11:06
JSPL eyes RINL, NMDC’s NISP acquisition
Jindal Steel and Power (JSPL) is eyeing a takeover of debt-ridden RINL and the NMDC Iron and Steel Plant (NISP), Kallanish notes.
The Cabinet Committee of Economic Affairs (CCEA) approved last year a 100% strategic disinvestment of the government’s stake in RINL, while NMDC’s board approved the demerger of NISP (see Kallanish passim).
“We are interested in both the assets,” JSPL managing director V R Sharma informs local media. JSPL&r…
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Anonymous
Very good overview of the weekly steel market.
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