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High Values Of Stressed Steel Assets Reflect Uncertainty Over Greenfield | Business Standard News

by business-standard.com posted 9months ago 123 views
The upturn in the steel cycle is already in its second year. : The valuations fetched by the larger stressed steel assets — Bhushan Steel and Bhushan Power & Steel — are partly a reflection of the uncertainty associated with greenfield projects in India. So far, JSW Steel’s offer of Rs 193.5 billion for Bhushan Power & Steel, which has a commissioned capacity of 2.3 million tonnes (mt) of steelmaking, is the highest.

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