JSW Steel may offer a financial consideration of USD 100 million (about Rs 639 crore) to Cevital Group to acquire the mill, the source said.

Lucchini found Cevital's offer more attractive because it foresaw full employment at Piombino, which employs about 2000 people.

Lucchini, Italy's second largest steelmaker, was previously owned by Russia's Severstal but was declared insolvent in 2012 and placed under...

Get ready to have a closer look at Asiatic lions. The ageing lion pair of Prince and Shubhangi at Lucknow zoo is set to get a ‘much younger...