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JSW Steel lines up $1 billion war chest for acquisitions, mines

JSW Steel lines up $1 billion war chest for acquisitions, mines

Thursday, April 6, 2017, 5:45 PM

India's biggest steelmaker JSW Steel said it could spend up to $1 billion on capacity expansion or acquisitions this fiscal year, and will bid for iron ore and coking coal mines in upcoming auctions to secure raw material supplies. It buys the raw material mostly from Indian companies but imports sometimes as well.
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