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Ruias assure banks of fund infusion to support operations of Essar Steel

Ruias assure banks of fund infusion to support operations of Essar Steel

Debt-laden Essar Steel on Tuesday said its promoters have assured the Joint Lenders Forum (JLF) that they will infuse additional funds in the firm to support its operations and "improve capital structure".

Questions raised over coal block auction process

The government on Wednesday began the second round of coal block auctions by putting on offer four blocks - all in Jharkhand - with firms including Adani Power, JSW Steel, SAIL and BALCO in the race. The mines on offer are Jitpur, Moitra, Brinda and Sasai.

CBI registers PE in mine allotment in Jharkand against unknown JSW officials

CBI on Monday registered a Preliminary Enquiry (PE) against unknown officials of JSW Steel Private Limited and Ministry of Environment and Forests over alleged diversion of forest land for a mining project in Jharkand.

Sesa, JSW accuse each other of manipulating iron ore prices

Leading private iron ore producer Sesa Sterlite alleged that JSW Steel, the largest steel producer in Karnataka, is manipulating prices of iron ore by misusing its dominance in the local market.

CoalMin seeks explanation from JSW, Tata Steel, others

The notice has also been issued to Ispat Godavari Ltd, Ind-Agro Synergy Ltd, Nakoda Ispat, Vandana Global, Shree Bajrang Power & Ispat Ltd for delaying the production from Nakia I & II coal blocks.

Coal Min cancels 4 mines, asks Monnet to deposit Rs 62 cr bank guarantee

The Coal Ministry has decided to deallocate four coal blocks given to 15 firms, including JSW Steel and Bhushan Steel & Strips, and ask Monnet Ispat to deposit a bank guarantee of Rs 62 crore.

JSW Steel refutes criminal conspiracy charges

Belgaum-based JSW Steel Ltd on Thursday refuted allegations that it had entered into a criminal conspiracy with some persons.

Coal block deallocation: JSW's Bengal plant may get delayed

JSW Steel's plans to set up a 3 million tonnes steel plant in West Bengal is likely to get further delayed following the government decision to deallocate Gourangdih ABC coal mine, allotted jointly to the Sajjan Jindal-led firm and Himachal EMTA Power Ltd.

JSW Steel, Hindalco, Tata Power down on coalblock deallocation

Shares of JSW Steel, Hindalco and Tata Power Tuesday tanked on the BSE following the government move to deallocate one more coal mine, and deduct bank guarantees in the case of two companies.

Government decides to deallocate one more mine

The IMG, on Friday had recommended deallocation of the Gourangdih ABC mine, given jointly to JSW Steel and Himachal EMTA, in 2009.

Steel should be set aside from FTA with Japan and Korea: JSW

In view of growing imports of steel from Japan and Korea into India, leading private sector firm JSW Steel on Tuesday demanded removing steel from the purview of free trade pact with the two Asian economic superpowers.

JSW Steel's Aug production up 15%

JSW Steel on Thursday reported 15 percent growth in production for August to 7.63 lakh tonnes (LT) over the same period a year ago.

JSW Steel to merge JSW Ispat; share swap ratio fixed at 1:72

Jindal said the combined entity will be investing Rs 12,000 crore on expansion in the next two years.

JSW Steel, JSW Ispat boards to meet on Sep 1 for merger

The boards of JSW Steel and its loss-making subsidiary JSW Ispat will meet on Saturday to decide merger of the two firms.

JSW to merge JSW Ispat, announcement likely in 2-3 weeks

Through the merger, JSW is aiming at multiple benefits, including that of availing tax benefit of about Rs 2,088 crore on which JSW Ispat would be laying claim, as it has started making profits, sources said.

JSW Steel cancels $275 mn fund raising plan from overseas

The Sajjan Jindal-led firm, however, did not disclosed the name of the relevant authority which denied the permission to raise funds and the reasons behind denial.

JSW Steel production up 13% in July

The Mumbai-based steel producer had reported 5.99 lakh tonne of production in July 2011.

JSW Steel plans LSE listing of foreign assets

Vedanta Resources and Essar Energy are two other Indian firms that are listed on the LSE.

Forex loss pulls down JSW Steel's Q1 net profit to Rs 269 crore

JSW Steel on Thursday reported over 53 percent decline in standalone net profit to Rs 269 crore for the quarter ended June 30, 2012, largely due to hefty foreign exchange loss of Rs 592 crore and increase in finance cost.

JSW Ispat swings to profit in Apr-Jun quarter

JSW Ispat Steel has swung to profit in the April-June quarter this fiscal reporting a net profit of Rs 478.24 crore mainly due to a deferred tax asset of Rs 779.18 crore on its balance sheet.