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JSWSTEEL
JSW Steel Limited · ₹1,277 +0.3% on 25 Sept · 1M −4.8% · 3M +3.6% · 4 stories in 60 days · 0 positive · 2 negative
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Deal●
JSW seeks Volkswagen coverage for $1.4 billion India tax liability in proposed deal
- JSW seeks a majority stake in closely held Skoda Auto Volkswagen India
- The potential tax liability is $1.4 billion, tied to alleged misclassification of imported vehicle assembly kits
- The alleged misclassification covers imports between 2012 and 2024
- A deal hurdle could affect JSW’s automotive plans; JSW Group’s listed companies have indirect exposure
Data▼
India remains a net importer of finished steel in April–August
- Finished steel exports rose 34.1% year on year to 2.99 million metric tons
- India imported finished steel worth ₹36,193.9 crore during April–August
- Import competition pressures domestic steelmakers, including Tata Steel, JSW Steel and SAIL