September 23, 2017 11:26 AM ET

Trading Companies and Distributors

Company Overview of Stemcor India Pvt Ltd

Company Overview

Stemcor India Pvt Ltd supplies iron ore. The company was incorporated in 2003 and is based in Kolkata, India. Stemcor India Pvt Ltd operates as a subsidiary of Stemcor Holdings Limited.

9th Floor. Johar Building

P..1 Hide lane

Kolkata,  700073

India

Founded in 2003

Phone:

91 33 2204 6675

Key Executives for Stemcor India Pvt Ltd

Managing Director
Age: 48
Compensation as of Fiscal Year 2017.

Stemcor India Pvt Ltd Key Developments

JSW Steel Maybuy Out Stemcor’s India Assets

JSW Steel Limited (BSE:500228) is reportedly in the final lap of negotiations to buy out Stemcor India Pvt Ltd assets. If the deal goes through, it would mean culmination of efforts by the Stemcor to sell off its assets in India, attempts for which have failed in the past. “This looks a very strategic acquisition from JSW Steels's perspective since the pellet plant is located in a favourable location. It also favours the firm's interest to set up a 10 million-tonne steel mill in Odisha”, said a source. Source added that Tata Steel Limited (BSE:500470) was also in the race but opted out after its price offer was found unattractive for the promoters. A company source, however, has denied it. Both JSW group and Stemcor declined to comment on the prospective deal. An e-mail questionnaire remained unanswered.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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