JSW Steel Unlikely To Bid For Uttam Value, Galva Metaliks
JSW Steel had put in an expression of interest (EoI) in October for the twin stressed assets that together owe ` 5,400 crore to lenders. However, JSW Steel will not be facing competition from Tata Steel for its ` 19,700 crore offer for Bhushan Power and Steel with Tata Steel unwilling to revise its bid. With its position cemented further, it may not bid for the firms that would have added to its downstream capacities.
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