Grapevine: JSW eyes Teck's coal business; Peak XV may back asset manager

By Shubhobrota Dev Roy

  • 17 Aug 2023
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JSW's logo on the company's headquarters in Mumbai, Feb. 11, 2016. | Credit: Reuters/Danish Siddiqui

Billionaire Sajjan Jindal-led JSW Steel Ltd is considering buying a 75% interest in Elk Valley Resources, the steelmaking coal business of Canadian miner Teck Resources, a media report said. The potential deal could value the business at $8 billion, Bloomberg reported. This would rival a previous bid by Swiss commodities giant Glencore, ......

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