Meanwhile, JSW Steel said it has surplus pellets in its subsidiary Amba River Coke Ltd and the same would be supplied to Welspun Maxsteel.

"JSW is expecting to cut production costs by Rs 2,500 a tonne. The current production cost stands atRs 24,000 per tonne," the second person...

JSW Steel to acquire Welspun Maxsteel in a move aimed at sourcing cheaper raw material, cutting production cost & strengthening its presenc...

Both cos signed a MoU after a financial due diligence by EY. The deal will help JSW cut production cost by supplying surplus raw material t...

JSW Steel has begun talks to purchase smaller rival Welspun Maxsteel for about 1,000 crore, two people familiar with the development said.

Leading domestic manufacturer of sponge iron has written to RBI to look into what it terms a spike in illegal imports of the steel industry...

The stock gained nearly 5% after its management announced that Apollo Global Management would invest Rs 2,250 crore in the Welspun Group.

Apollo Global will invest Rs 2,250 crore to buy equity stakes in two Welspun Group companies and will guide Welspun to own iron ore mines t...

Welspun Maxsteel (WMSL) today announced a Rs 5,300-crore expansion plan, including raising DRI capacity to 1.7 million tonne per annum.

B K Goenka-owned Welspun on Wednesday said private equity firm Apollo will invest Rs 2,250 crore in its group firms.

Shares in Welspun Corp were trading higher on Wednesday extending its gains from previous session on fund raising plans via private equity ...

Welspun chairman B K Goenka is likely to offload significant minority stakes in three of his group firms following the PE fund mop-up .

Bombay HC reserved its judgment on the issue of supply of reduced gas from RIL, to sponge iron making units such as Welspun Maxsteel and Is...

Steel manufacturers hit out at 'unilateral' decision of the Oil Ministry to curb natural gas supplies from KG-D6 fields to non-core users s...

Anil Agarwal's Sesa Goa is in talks with the Welspun Group to buy their sponge iron facility at Salav in Maharashtra, sources with direct k...

Industry experts say that the iron ore exports by Sesa Goa has become less lucrative post a 20% export duty introduced by the government.

Apollo Management and Citi Venture Capital are in negotiations to pick up an equity stake of about 25% in Mumbai-based Welspun group’s unli...