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JSW Projects gets CCI approval for majority shareholding in BMM

Monday, 27 Apr 2020
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The Competition Commission of India (CCI) has approved proposed combination relating to acquisition of majority shareholding in BMM Ispat (BMM) by JSW Projects (JPL). 
 
JPL, a part of the JSW Group, is engaged in the business of manufacture of direct reduce iron/ sponge iron, coke dry quenching and captive power generation which are used in the manufacture of steel and steel products on a job work basis for JSW Steel. 
 
BMM, incorporated in India, is engaged in the manufacture and sale of steel products including iron ore pellets, sponge iron, TMT bars and semis.

 

 
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