Clarification from JSW Steel Ltd

The Exchange had sought clarification from JSW Steel Ltd with respect to the news articles in the Media that "JSW Steel to buy Welspun Maxsteel for Rs. 1,100 Crore".

JSW Steel Ltd has replied as under:

"We dont offer any comments on market rumours and speculation, however as a long term strategy, we would like to expand both organically by means of brownfield and greenfield expansions and inorganically by acquiring some existing assets. In that perspective, we keep scanning suitable opportunities, which have a strategic fit."

Source : BSE - >www.bseindia.com

Published on June 11, 2014
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