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JSPL's offer for ZISCO

Industrialist Naveen Jindal-led JSPL on Tuesday said it is considering making a fresh bid for a 70 per cent stake in Zimbabwe-based steel-maker ZISCO.

business Updated: Aug 31, 2010 22:58 IST

Industrialist Naveen Jindal-led JSPL on Tuesday said it is considering making a fresh bid for a 70 per cent stake in Zimbabwe-based steel-maker ZISCO. The company's move comes within days of the African nation reinviting bids for the steel plant, which has captive reserves of over 100 million tonnes. "We may re-bid for ZISCO, but a final decision will be taken before the September 24 deadline," Jindal Steel and Power Whole-Time Director Sushil Maroo said.