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JSW MG Motor India, on 30 November 2023, China's SAIC Motor and the JSW Group formed a strategic joint venture, resulting in the latter gaining a 35% stake in MG Motor India through this partnership. [ 59 ] [ 60 ] In February 2024, the group inked a MoU with the Government of Odisha for a ₹ 40,000 crore (US$4.6 billion) Integrated EV and EV ...
As per worldsteel, India's crude steel production in 2018 was at 106.5 million tonnes (MT), 4.9% increase from 101.5 MT in 2017, which means that India overtook Japan as the world's second largest steel production country. Japan produced 104.3 MT in year 2018, decrease of 0.3% compared to year 2017.
The equity shares of JSPL are listed on the Bombay Stock Exchange [12] and the National Stock Exchange of India. [13] Shareholding: On 31 March 2022, the promoter group Jindal Group held 60.5% of its equity shares. 27% of the shares were owned by the Institutional Investors. Public shareholders own approx. 12.5% of its shares.
2010 – Founding of Mitsubishi-Hitachi Metals Machinery South Asia Private Ltd. 2012 – Start-up of No. 2 Hot-Rolling Mill at Usiminas Cubatão, Brazil; 2013 – Integration of IHI Metaltech rolling mill business [9] 2013 – Mitsubishi-Hitachi Metals Machinery acquires shares in Concast Ltd., India [10]
Steel Engineering and Vinausteel in 2007: Tata Steel through its wholly owned Singapore subsidiary, NatSteel Asia Pte Ltd, acquired a controlling stake in both rolling mill companies located in Vietnam: Structure Steel Engineering Pte Ltd (100% stake) and Vinausteel Ltd (70% stake). The enterprise value for the acquisition was $41 million.
It had a cold rolling mill, galvanization line, and a colour coating line. Ispat was the only steel maker in India and among a few in the world to have total flexibility in the choice of the steel making route - either via blast furnace or by electric arc furnace. [2] Ispat means steel in Hindi and the Bengali language.
Mahindra Sanyo Special Steel Private Limited or formerly known as Mahindra Ugine Steel (MUSCO) is a manufacturer of specialty steel, stampings, and rings headquartered in Mumbai, India. [2] It is a joint venture of the Mahindra Group , [ 3 ] one of India's largest industrial houses and Sanyo Special Steel Co. Ltd and Mitsui & Co. Ltd from Japan ...
Tata Steel acquired a 72.65% stake in Bhushan Steel on 18 May 2018 through its subsidiary Bamnipal Steel. Tata Steel paid ₹ 35,200 crore (equivalent to ₹ 470 billion or US$5.4 billion in 2023) to Bhushan Steel's creditor banks, and an additional ₹ 1,200 crore (equivalent to ₹ 16 billion or US$190 million in 2023) over 12 months to Bhushan Steel's operational creditors. [7]