JSW Steel with Nu Metal bid for Essar Steel

 

JSW Steel Limited in the capacity of an investor has joined Nu Metal & Steel Private Limited in submitting a binding bid for Essar Steel Ltd, which is under the corporate insolvency resolution process as per the provisions of Insolvency Bankruptcy Code 2016.

JSW Steel Limited, a leading producer of steel in India with an installed capacity of 18 MTPA and is a part of the diversified US$ 11 billion JSW Group, which has a presence in Steel, Energy, Infrastructure, Cement, Ventures and Sports. JSW Steel’s plant at Vijayanagar in Karnataka is the largest single location steel producing facility in the country with a capacity of 12 MTPA.