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JSW Steel buys Bellary steel assets for Rs210 crore

JSW Steel buys Bellary steel assets for Rs210 crore
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First Published: Mon, Jan 17 2011. 10 31 AM IST
Updated: Mon, Jan 17 2011. 10 31 AM IST
Mumbai: JSW Steel, India’s No. 3 producer of the alloy, has bought assets of Bellary Steel for Rs 210 crore, its joint managing director M.V.S Seshagiri Rao told television channel ET Now on Monday.
“We have taken over the land, the buildings and the branded machinery which was lying there,” Rao told the channel. “We have paid the total consideration and the takeover will be completed in the next 20 days.”
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First Published: Mon, Jan 17 2011. 10 31 AM IST
More Topics: JSW | Bellary | Steel | Buyout | Corporate News |