Jaigad (Maha) : JSW Steel is keen to capitalise on the stress in the sector by acquiring distressed alloy companies so that it can expand its capacity faster, a top official has said.
“We are looking at distressed companies for acquisition,” JSW Steel Chairman Sajjan Jindal told a select group of mediapersons at an event here to commission the group’s port project over the weekend. He was replying to a question on whether his company would be looking at acquiring distressed steel companies like Monnet or Bhushan Steel. “JSW is in a position to consolidate this industry. And in case, anywhere in the world, if steel industry has to remain consolidated, there cannot be too many players,” Jindal said.