22
Nov
13:22
India’s Jindal SAW eyes acquiring bankrupt Sathavahana Ispat
India’s Jindal SAW has submitted an expression of interest (EOI) to acquire Sathavahana Ispat under the corporate resolution process. This follows Jindal SAW receiving in October an INR 266 crore ($20.4 million) repair and maintenance contract from Sathavahana Ispat, Kallanish notes.
Seven companies including Jindal SAW have submitted an EOI to acquire Sathavahana Ispat. The other six are Vedanta, Welspun Corp, Sarda Mines, Ares SSG Capital (Singapore), Khan…
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Anonymous
Very good overview of the weekly steel market.
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