Jindal Steel & Power Acquires Allied Strips for INR 217.5 Crore
Jindal Steel & Power Limited, through its subsidiary Jindal Steel Odisha Limited, has acquired Allied Strips Limited for INR 217.53 crore. The acquisition includes a 100% equity stake in ASL, along with the purchase of convertible debentures and the novation of unsecured intercompany debt. Apr 3, 2025 Jindal Steel Odisha Limited (JSO), a wholly-owned subsidiary […]
A-One Steels India Files DRHP for INR 650 Crore IPO
The IPO will consist of fresh shares worth INR 600 crore and an offer-for-sale for shares worth INR 50 crore for promoters holding 85.56 percent stake in the company. Public shareholders own 14.14 percent stake in the Bangalore-based company. Jan 16, 2025 A-One Steels India Private Limited has filed the Draft Red Herring Prospectus (DRHP) […]
Govt Invests INR 347 Crore on 3 pilot projects under National Green Hydrogen Mission
These projects will receive a total of INR 347 crore from the government of India. These pilot projects are likely to be commissioned in the next three years. Oct 21, 2024 As part of the National Green Hydrogen Mission, the union government has sanctioned three pilot projects for use of hydrogen in steel production. These […]
Vedanta Retreating from Steel Business, Plans To Sell Electrosteel
In 2018, Vedanta beat Tata Steel to take over Electrosteel at INR 5,320 crore. December 2, 2022 Vedanta Group has planned to exit the steel business. This move comes almost four years after the group decided to make big in the segment. As per a news report, Vedanta is planning to sell Electrosteel and focus […]
