JSW buys Welspun Max Steel asset for Rs. 1,000 cr.

JSW Steel has entered into a definitive agreement to acquire Welspun Max Steel (WMSL) asset for Rs. 1,000 crore.

WMSL has an installed capacity of 0.9 MTPA gas-based direct reduced iron (also known as sponge iron) plant, with a captive jetty and a captive railway siding. The pellet plant is located at Salav village in Raigad district, Maharashtra. Captive jetty has capacity of 2.5 mtpa which is located at 1.8 km from the plant, while the captive railway siding is located at Roha junction on national Konkan Railway, 35 km from the DRI plant. It also has surplus land of about 480 acres, available for future expansions.

HBL