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The company was named Ispat International N.V. until a merger with LNM Holdings N.V. in 2004. [1] As of 2006, the company was 44.79% owned by Lakshmi Mittal and his family and 54.74% of the company was publicly traded. [1]
In 2010, JSW acquired a 41.57% interest in the company for ₹2157 crore and renamed it JSW Ispat Steel. [5] [6] It acquired the remainder of the company in 2013 based on an enterprise value of $3 billion. [2] The acquisition was described as a "bailout" for Ispat Steel. [7]
JSW Steel Limited is an Indian multinational steel producer based in Mumbai and is a flagship company of the JSW Group. [4] After the merger of Bhushan Power & Steel , Ispat Steel and Jindal Vijayanagar Steel Limited, JSW Steel became India's second largest private sector steel company.
In 2004, JSW made a strategic move by acquiring Salem Steel Works, adding to its portfolio. The year 2005 witnessed a pivotal moment in group's history when JISCO and JVSL merged to create JSW Steel. [8] In 1994, JSW Energy Limited was established as power company, focusing on power generation, transmission and trading. [9]
Inland Steel's main office building in East Chicago, Indiana, completed in 1930, was designed by Graham, Anderson, Probst & White [2]. Inland Steel was founded in 1893 through the purchase of a small failed Chicago Heights steel mill, Chicago Steel Works.
Rashtriya Ispat Nigam Limited (RINL) is the government entity of Visakhapatnam Steel Plant (VSP), India's first shore-based integrated steel plant built with state-of-the-art technology. Visakhapatnam Steel Plant (VSP) is a 7.3 MTPA plant.
Jai Balaji Group is a steel manufacturer with Captive Power Generation and plants in nine locations. It also has plans to set up a Mega Steel, Cement and Power Project at Raghunathpur.
Anwar Textile Ltd. [23] Mahmud Industries Private Ltd. [24] Anwar Silk Mills Ltd. [25] Hossain Dyeing & Printing Mills Ltd. [26] Steel. Anwar Ispat Ltd. [27] Real estate. Anwar Landmark Ltd. [28] [29] Anwar Infrastructure Ltd. [30] Finance. City Insurance Company Ltd. [31] Bangladesh Finance And Investment Company Ltd. [32] BD Finance Capital ...