'Misleading': JSW Steel denies reports on Liberty Steel assets buy

signage-for-jsw-steel-ltd-photo-for-news

On Saturday, JSW steel in its statement said that it is focusing on India and is not looking for any overseas asset's acquisition.

JSW Steel has denied having any interest in binding to buy the assets of Sanjeev Gupta’s library Steel in Britain and mills elsewhere.

In a stock exchange illing the company said “It is hereby clarified that such reports stating about the Company’s interest in bidding/buying Liberty Steel’s assets are not only speculative but also misleading and mischievous.”

According to the News reports, JSW steel was conjured a bit for buying the Library Steel in Britain. JSW Steel said “We have made and will continue to make disclosures in compliance under agreements with Sebi and stock exchanges.”

Last week JSW Steel reported the highest profit ever after tax and the revenues in the quarter of March. It is also aided by the strong domestic demand of the supplement by the exports and the improved prices of the steel.

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