With around $1.35 billion in annual EBITDA between JSW Steel and JSW Ispat Steel, the group says it is comfortable to go for inorganic expansion.
Overseas orders for the current fiscal year is expected to exceed Rs 25,000 crore, up 66 per cent over FY13.
The deal will help the Japan-based steel and iron production machinery manufacturer enter markets such as the Middle East and Africa.
The Indian arm of the German building materials firm has been in the news for a rumoured deal where private equity firms may pick a minority stake in the cement company.
In what will be the largest private equity investment in India’s cement sector, Baring Private Equity Asia is picking up 14 per cent stake in the India unit of the French cement maker Lafarge SA.