Search Result for : Jindal Steel

Aamir H Kaki  Indian steel industry believes there is a need for levying anti-dumping duties on cheap and low quality steel and stainless steel imports, and the government is supporting and safeguarding the domestic industry by introducing duties. Abhishek Agarwal, DGM - Sales, ESSAR Steel Ltd told The Dollar Business, “The government has supported us and introduced several duties with which it is trying to safeguard the domestic industry. Cheap imports not only affect the pricing, but when you are dumping you are not sending the best quality of steel. Pricing is one and quality is another aspect of anti-dumping,” he added. Supporting the government’s move to curb cheap imports from countries like China and Australia, Deepak Satpathy, Associate Manager – Marketing, Jindal Stainless ...

Source: PTI   Billionaire Sajjan Jindal's JSW Energy will acquire a 1,000 MW power plant from his younger brother Naveen-led heavily indebted Jindal Steel and Power Ltd for Rs 6,500 crore. JSW will pay at least Rs 4,000 crore, excluding net current assets, and an additional Rs 2,500 crore if JSPL's 1,000 MW power plant in Raigarh, Chhattisgarh secures a long term power purchase agreement, the firms said in statements. Sajan and Naveen, sons of billionaire Savitri Devi Jindal, once competed to buy foreign assets, but JSPL has run into rough weather with Supreme Court cancelling its coal mine allocations and weak global commodity prices. JSPL, which has a debt of close to Rs 46,000 crore, said the deal, to be completed by ...

Deepak Kumar | The Dollar Business    Taking note of the complaints from domestic steel producers, the government has started an investigation to ascertain whether to impose safeguard duty or not on the import of certain steel products shipped from China, South Korea and other countries. The probe began after Steel Authority of India Ltd. (SAIL), Essar Steel India Ltd. JSW Steel Ltd. and Jindal Steel & Power Ltd. had asked the government to impose a 20% safeguard duty for a period of four years on imports of certain types of steel products. The products under consideration were hot rolled flat sheets and plates of alloy or non-alloy steel having nominal thickness less than or equal to 150mm and nominal width of ...

 Neha Dewan | @TheDollarBiz Companies that plan to go global at times overlook the need to localise their products, and this often leads to failure, revealed Rakesh Sharma, Head of Exports, Nestle India, at a knowledge symposium on “Emerging Opportunities and Risk Management in Global Business” organised by the Federation of Indian Export Organisations (FIEO) and Jagan Institute of Management Studies (JIMS) in New Delhi last week. Speaking at the forum, Sharma said that identifying a consumer segment that resonates with the company’s core strength is an important factor for the success of a brand in emerging markets. However, localisation is the key. “One must develop products that are suitable for the local market. Localisation is critical to access. Failure ...