Supply ChainUpdate🇮🇳India4d agoJSW Energy’s Rs 3,150-crore stake sale in JSW Steel to GQG Partners and SBI Mutual Fund is expected to strengthen its balance sheet. Jefferies says the move will lower leverage, support capex plans and improve execution visibility, prompting a target price upgrade to Rs 675.3.1/10·Economic TimesPrimary Source ↗Details →
Supply ChainUpdate🇮🇳India8d agoJSW Steel reported a nearly 13-fold surge in Q4 profit driven by an exceptional gain and record volumes. The company plans aggressive expansion, targeting 78 million tonne capacity by FY32, supported by JVs, higher capex and strong domestic steel demand growth outlook.3.1/10·Economic TimesPrimary Source ↗Details →