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JSW Steel

JSW Steel investing Rs. 38bn in Ispat Industries

Posted on January 18th, 2011 in Company News, India, India Shares, Ispat Industries, JSW Steel, Steel Sector

The steel corporation had obtained almost 45% stakes in debt – pestered Ispat Industries for Rs. 21.57bn in December last year. JSW Steel is planning to infuse Rs. 38bn in Ispat Industries in the next 2-3 years, according to a report.

The steel company had acquired nearly 45% stake in debt-ridden Ispat Industries for Rs. 21.57bn during December previous year. JSW Steel Director has supposedly stated that there is liability to be redirect that is to be completed by September 2011.

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