![]() of shares (as a % of the total Share Cap. Promoters and Promoter Group Shareholding Unlocking opportunities in Metal and Mining You agree, by accessing this forum, that moneycontrol. Its revenues in FY18 stood at Rs 4,038 crore, as against Rs 3,246 a year ago.Mcmarketstockprice->Moneycontrol/MC_Market/MC_Market_StockPrice_728x90|~|Moneycontrol/MC_Market/MC_Market_StockPrice_300x250|~|Moneycontrol/MC_Market/MC_Market_StockPrice_728x90_2|~|Moneycontrol/MC_Market/MC_Market_StockPrice_728x90_1|~|Moneycontrol/MC_Market/MC_Market_StockPrice_300x250_2|~|Moneycontrol/MC_Market/MC_Market_StockPrice_300x250_1|~|Moneycontrol/MC_Market/MC_Market_StockPrice_300x250_BTF|~|Moneycontrol/MC_PriceChart/MC_PriceChart_300x250_ATF|~|Moneycontrol/MC_PriceChart/MC_PriceChart_728x90_ATF|~|Moneycontrol/MC_PriceChart/MC_PriceChart_728x90_BTF|~|Moneycontrol/MC_Market/MC_Market_StockPrice_300x250/MC_Market_StockPrice_Notices_300x250_ATF|~|Moneycontrol/MC_Market/MC_Market_StockPrice_QuartResult_728x90|~|Moneycontrol/MC_Market/MC_Market_StockPrice_CapitalStruc_728x90|~|Moneycontrol/MC_Market/MC_Market_StockPrice_PriceChart_728x90|~|Moneycontrol/MC_Market/MC_Market_StockPrice_History_300圆00_ATF|~|Moneycontrol/MC_PriceChart/MC_PriceChart_300x250_ATF_1|~|Moneycontrol/MC_PriceChart/MC_PriceChart_728x90_ATF_1|~|Moneycontrol/MC_PriceChart/MC_PriceChart_300x250_MTF-> Disclaimer : The views expressed in the forum are the views of the user writing the post, and not that of. In the last financial year, it brought down its losses to Rs 282 crore, from Rs 354 crore a year earlier. The company has a debt of around Rs 3,700 crore, most of which is long-term. Interestingly, Tata Motors is one of its clients. The plant caters to clients from sectors such as automotive, heavy earth-moving equipment, and oil and gas. The plant was set up in 1974, and has access to captive iron ore and coal mines within the state. Usha Martin's integrated steel plant near Jamshedpur has a capacity to manufactures one million tonne a year.Īccording to the company's website, it is "one of the India's largest speciality steel plant in long product segment." With many of the steel facilities in the country facing distress and expected to be put on the block, industry observers expect the race between the two biggest private steelmakers to heighten from here on. The two big private steelmakers have already squared up against each other during the auction of Bhushan Steel and Bhushan Power & Steel. "Evaluating strategic growth opportunities is an ongoing process in the company," said a Tata Steel spokesperson in response to a query from Moneycontrol. Tata Steel's plant in Jamshedpur manufactures 10 million tonnes of steel a year.īoth JSW Steel and Tata Steel are believed to have signed memorandums of understanding with Usha Martin, which allows them to evaluate the asset. Another executive added, "The ideal value is in the region of Rs 3,000-4,000 crore."īut given that the Usha Martin facility is in its neighbourhood, synergies would come easier for Tata Steel, which also wouldn't want the competition to develop a presence in its backyard. "Tata Steel's bid is aggressive, given that the value of the asset is considerably less," said a source. But the company did not respond to a query on the development. Vedanta Resources, which was till now said to be interested, is said to have withdrawn. The Tata group company has put in an aggressive bid of around Rs 6,000 crore. Tata Steel has joined the race for Usha Martin's Jamshedpur facility, which was put on the block to pare some of the parent's debt.
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