M&A
JSW Steel to acquire National Steel and Agro for Rs.621-Cr
Publicly listed JSW Steel (through its wholly-owned subsidiary JSW Steel Coated Products) is to acquire flat-steel producer National Steel and Agro Industries (NSAIL) through the bankruptcy court for a cash consideration of INR 621 crore. Publicly listed, Mumbai-based National Steel and Agro Industries, a manufacturer and exporter of steel from central India, had reported a turnover of INR 815 crore in FY22. It is primarily known for its flat steel products which include cold rolled coils, galvanised corrugated sheets, colour coils and pre-painted profile sheets etc. The company will be delisted post deal completion.
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