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26 Sep

JSW to absorb NSHL's stake in recycling JV

JSW Steel aims to acquire a complete stake in NSL Green Steel Recycling (NSL), a 50/50 joint venture between JSW Steel and National Steel Holding (NSHL), the former informs in a press release. “In view of NSHL intending to exit from the JV and in pursuance of the approval of the board of directors of the company for acquiring their 50% stake/securities held in the JV company [NSL], the company [JSW] on 22 September executed the termination agreement and secu…
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