29
Feb
12:04
JSW Steel incorporates green steel subsidiary
Indian steelmaker JSW Steel has incorporated a wholly owned subsidiary named JSW Green Steel, according to its 28 February exchange filing.
The company says the objective for JSW Green Steel is to manufacture hot rolled and cold rolled steel products, falling under JSW Steel’s primary business activities, Kallanish notes. Business operations are yet to commence.
The initial subscription to the new subsidiary is 20,000 equity shares, priced at INR 10 ($0.12)…
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