Earlier, the lenders, together holding 51 percent in Monnet Ispat, had converted Rs 350 crore of debt in the company to equity. Monnet has a total debt of over Rs 9,000 crore. Money Control, 1 week ago
Keen to reduce debt, banks get tough with large borrowers - Rediff.com, 6 days ago
JSW Steel sole bidder for Monnet Ispat - Business Standard, 1 week ago
JSW Steel today said it continues to evaluate various opportunities, both organic and inorganic, to achieve its long-term vision of becoming a 40 million tonne steel company. "JSW Steel has a vision to be a 40 million tonne steel company in line with the ...Business Standard, 1 month ago
Traders blame demonetisation for subdued demand in retail segment It is going to be tough for domestic steel companies to maintain their toplines in coming quarters. With local demand for the industrial commodity not picking up on expected lines and government protection measures to phase out soon, primary producers could come under pressure to cut product prices going ahead. "If local demand continues to remain sluggish post March, then it is going to be a big problem for the steel ...Rediff.com, 3 days ago
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