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JSW Steel Consolidates Coal Operations In US

06 Dec, 2021 by Special Correspondent

JSW Steel announced that as part of overall efforts to restructure and consolidate its US Coal operations and holding structure, the following step-down subsidiary companies of the company operating at West Virginia in USA have been merged with their respective holding companies effective December 2, 2021.

Keenan Minerals LLC, RC Minerals LLC and Peace Leasing LLC with its Holding Company Purest Energy, LLC.

Periama Handling LLC and Rolling S Augering LLC with its Holding Company Planck Holdings LLC

Prime Coal LLC with its Holding Company Periama Holdings LLC.

The restructuring and consolidation exercise does not entail any sale of the assets & investments and JSW Steel continues to have the same economic interests in its operations in US. The turnover of all the merged entities is nil for the year ended March 31, 2021.

Source: Steel Guru