Indian Metals and Ferro Alloys Limited announced that at its board meeting held on 23 May 2024, approved the appointment of Mr. Ch.S.V.Ch. Suresh Babu, Vice President- Head Ferro Alloys Business Unit .
JSW Steel Denies Liberty Asset Bid as Mill Plans India Expansion
May 24 2021, 6:13 PM
May 24 2021, 4:19 PM
May 24 2021, 6:13 PM
(Bloomberg) Indiaâs most valuable steelmaker is ruling out overseas acquisitions and is instead focusing firmly on its home market, with a $3.4 billion plan to sharply boost output.
(Bloomberg) Indiaâs most valuable steelmaker is ruling out overseas acquisitions and is instead focusing firmly on its home market, with a $3.4 billion plan to sharply boost output.
JSW Steel Ltd., whose quarterly profit soared to a record high on a sharp rally in prices and robust demand, denied a Reuters report that itâs weighing a bid for Liberty Steel Groupâs assets. It also expects exports to surge as India grapples with a devastating coronavirus outbreak and Chinaâs production curbs ease competition, according to Joint Managing Director Seshagiri Rao.
GFG Alliance faces potential collapse in UK but says it won’t hit India business
SECTIONS
Share
Synopsis
GFG, which runs smelters, mines and power stations around the world, had last month approached the UK government seeking an emergency bailout to avoid a collapse. The UK seems to have rejected the bailout plan as per various news reports.
Reuters
Liberty Steel, part of GFG Alliance, has a presence in India through Adhunik Metaliks and Zion Steel that it had bought under the insolvency process last year.
British industrialist Sanjeev Gupta’s GFG Alliance, which faces potential collapse of its UK business after failure of its largest lender, has claimed that its India operations will remain unaffected.
Financial stress may delay Liberty Steel s project expansion plans in India business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
The Odisha Government has put 23 investment projects, including the ArcelorMittal Nippon Steel India Pvt Ltd and JSW Steel Ltd project in Keonjhar district, on fast track, an official statement said. Chief Secretary S C Mohapatra resolved some of the issues faced by the industrial projects at a meeting held Thursday. He set timelines for each phase of activity, the statement said on Friday. Mohapatra told the concerned departments to adhere to the timeline scrupulously , it said. The chief secretary also told the project investors and project proponents to mobilise more men and machines for early completion of the construction works.