While Creixent Special Steels (CSSL) is engaged in the business of holding investments, JSW Steel and JSW Ispat are engaged in the production and marketing of steel products.
Tata Steel Long Products has acquired a 93.71% stake in 1 million tons per annum Neelanchal Ispat Nigam.
CMD Sumit Deb, who was in the capital, told Press Trust of India that the demerger of NSP from NMDC is proceeding as planned.
The acquisition will see Jindal Mobilitric take over the indigenously developed technology platform as well as Earth Energy's brands.
The media report is baseless and has no substance, said company.
Additionally, the financial creditors of RFT will get 10% of the equity shares of RFT towards the part conversion of their loan.
Hindustan Copper and Vedanta were also in the fast lane amid raging copper and aluminium prices.
NCLT, Chandigarh pronounces order for convening the meetings of the shareholders and Creditors, the company said.
Tata Steel considers Advanced Ceramics as one of the new materials for strategic growth.
Post the acquisition, MSL has become a wholly-owned subsidiary of the company.
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