Clarification from JSW Steel Ltd

| Updated on July 01, 2014 Published on July 01, 2014

The Exchange had sought clarification from JSW Steel Ltd with respect to the media reports appearing on CNBC TV 18 dated June 30, 2014 captioned "JSW Steel may ink deal with Welspun Maxsteel for Maha Unit."

In reply thereto the Company has clarified to BSE as follows :

"We do not 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.

As already informed on June 10,2014, we note to keep the Exchange informed if there are any material developments in this regard in compliance with clause 36 of the Listing Agreement."

Source : BSE - >www.bseindia.com

Published on July 01, 2014
This article is closed for comments.
Please Email the Editor