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Why JSPL Has Shown Interest In Insolvent Reliance Naval
Jindal Steel is looking to use Reliance Naval for three purposes...
08 Mar 2021, 09:43 AM IST
Jindal Steel & Power Ltd. has shown interest in bankrupt Reliance Naval and Engineering Ltd. The Navin Jindal-controlled group sees the shipbuilder as a possible client for its steel products.JSPL is India’s largest manufacturer of hot-rolled steel plates that are used to fabricate warships and merchant ships. The steelmaker also produces structural angles, channel and beams that can be used in shipbuilding.The company is looking to ...
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