JSW Steel To Acquire Ispat Industries- Crude steel production capacity to reach 14.3 million tons in FY 2010 -

摘要

JSW Steel of India announced on Dec 21 that they will acquire a controlling stake in Ispat Industries Ltd. (“Ispat”). Ispat was currently under financial stress due to a financial imbalance and lack of integration in key inputs of coke, pellets and power, which will be removed by JSW's equity infusion. Ispat will allocate its new shares to JSW preferentially, and JSW will re-finance the entire outstanding debts of Ispat in the future. Ispat will be renamed JSW Ispat Steel Ltd. after the consolidation.