New Delhi, Jan 23:  

JSW Steel continues to evaluate various opportunities, both organic and inorganic, to achieve its long-term vision of becoming a 40-million-tonne steel company.

“JSW Steel has a vision to be a 40-million-tonne steel company in line with the estimated increase in installed capacity in India to 300 million tonnes in the next decade.

Accordingly, the company continues to evaluate various opportunities both organic and inorganic to achieve its long term vision,” JSW Steel said in a BSE filing.

The company was responding to the media reports that JSW Steel and Blackstone were in talks to buy Monnet Ispat.

JSW Steel is a part of the diversified JSW Group which has presence in steel, energy, infrastructure, among others.

The firm is a leading integrated steel company in India with an installed steel making capacity of 18 million tonnes per annum (MTPA).

Shares of JSW Steel were trading up 2.12 per cent at Rs 190 on the BSE.

(This article was published on January 23, 2017)

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