SBI To Acquire Stakes In JSW Cements
The largest public sector bank State Bank of India (SBI) has acquired a minority stake in JSW Cement Limited, with an investment of Rs 100 crore. Welcoming SBI as strategic investor JSW cements said that they have increased the capacity from 6MTPA to 14MTPA and are now working towards achieving the 25MTPA milestone over the next 24 months.