BUSINESS
India's third-largest steelmaker agreed to buy a controlling stake in smaller rival Ispat Industries for $476 million, catapulting it to the No 1 spot among the nation's steel producers.
JSW Steel Ltd plans to restart Ispat Industries' Mumbai plant by mid-January, 2011, Jayant Acharya, executive director, told reporters.
India's third-largest steelmaker agreed to buy a controlling stake in smaller rival Ispat Industries for $476 million, catapulting it to the No 1 spot among the nation's steel producers.