Lending, particularly by the NBFCs, has slowed down dramatically. Auto and housing loans are majorly driven by the NBFCs in addition to banks and that tap is closed
The company, which is rated one notch below the investment grade, managed a coupon of 5.95 per cent
The five-year dollar money sale saw high demand from investors across Europe and Asia, and had attracted bids worth $ 1.75 billion
Funds will be raised in one or more tranches, in the international market either by JSW Steel or by any of its overseas subsidiaries backed by a corporate guarantee of the company
The subdued iron ore prices would also benefit Tata Steel as Bhushan Steel (a company Tata Steel took over in insolvency resolution) sources ore from Odisha, a report by Edelweiss Research said
Company teams starts reviewing work at BPSL's Odisha plant, aims to bump up production.
For Duferco International Trading Holding the transaction assures a captive supply of various steel products from JSW over the term of the advance payment and supply agreement
Sources close to the development said the next step was to file the resolution plan with the National Company Law Tribunal (NCLT) for approval
Rising iron ore and coking coal prices, depreciation of acquired global assets drag bottomline
Its total income in the quarter under review increased 11% to Rs 20,355 cr
JSW, India's biggest steelmaker, and Duferco had a prepayment deal in 2006 for $150 million in upfront cash that would be repaid over seven years with steel cargoes
Switzerland-based Duferco, backed by banks, would provide the cash to be repaid with physical steel
A $600 million dollar deal would equate to about 1 million tonnes of steel supply
Competition from competent new players will help the industry grow faster, and JSW Steel will benefit because of its head start, says Sajjan Jindal, Chairman and Managing Director of the company
JSW Steel CMD Sajjan Jindal has built the country's largest steel company, overcoming several problems in the past 25 years
JSW Steel is a part of the diversified $13 billion JSW Group
Metal stocks in India are feeling unloved by investors, with one exception: the country's top steelmaker JSW Steel
India requires eight to nine mt (more) every year. The capacities that are coming up might not be sufficient to meet this growing demand, says Rao
Apart from Asian Colour Coated, JSW has also submitted EOI for Uttam Value Steels which too is on the RBI's second list of NPAs
JSW Steel is the largest producer of steel in India