JSW to buy Welspun Maxsteel for enterprise value of $165m
Aug 19 2014 , Mumbai
The equity value of the deal, which is subject to regulatory approvals, was not disclosed. Welspun Maxsteel has an installed capacity of 900,000 tonnes per annum at its plant in Raigad district of Maharashtra.
JSW Steel has an installed capacity of 14.3 million tonnes, and the company plans to raise it to 40 million tonnes in the next decade, the company said in a statement late on Monday.