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Coronavirus impact: JSW Steel's acquisition of Bhushan Power to hit another roadblock

JSW Steel was supposed to make payment before March 16 for the acquisition, but it has been delayed as the former promoter Sanjay Singhal filed a petition against the takeover at the Supreme Court

 
 
Dalmia Bharat operates across nine states and it has 12 manufacturing units with a combined annual capacity of 26.5 million tonnes
JSW Steel's steelmaking capacity will increase to 21.5 MT from 18 MT post Rs 19,700 crore acquisition of Bhushan Power and Steel
Bengaluru registered the highest increase in sales at 10 per cent, followed by Hyderabad and Kolkata at 9 per cent each, and Chennai at 8 per cent in H2 2019
 
 
JSW said scaling down of production was being done even as steel is classified as an essential commodity and it is not mandatory for factories to be shut down
Jindal Stainless has seen an improvement in the net debt-equity ratio which stood at 1.3 as on December 31, 2019, as compared to 3.2 as on March 2017
Mumbai has the highest amount of unsold inventory at 145,301 units, followed by NCR at 122,084 units and Bengaluru at 78,414 units
The projects would be largely in sectors such as Energy (24 per cent), Roads (19 per cent), Urban (16 per cent), and Railways (13 per cent)
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