JSW Steel had pitched to build a the 13.2MT plant at the site in Jagatsinghpur once allocated to Posco for its proposed steel project.
The order involves provisional attachment of the property of the wire ropes business for 180 days.
Domestic steel companies will be impacted by muted demand from auto sector.
India currently imports seamless casing and tubing worth $200 million a year, according to Jindal Saw group CEO Neeraj Kumar.
“In Europe, we have some 300 subsidiaries. The clean-up has already started and we are looking to reduce them by 100 to 120 this year,” said TV Narendran, CEO, Tata Steel.
The losses mark a hike from 222 million pounds a year earlier, according to 'The Sunday Times'.
This outlet will provide a ‘one stop destination’ for consumers intending to go ‘steel shopping’.
Tata Steel is likely to revise planned capital expenditure for 2019-20 to Rs 8,000 cr from Rs 12,000 cr.
The demand for steel in India has to pick up and that depends a lot on construction and automobile sectors, he added.
The company said all speculations/rumours with respect to payment default are "baseless and false in nature".
The top court sought assistance of the Attorney General in the matter and requested him to be present on August 19.
According to the MoU approved on Wednesday, the Thailand business will be run in a 70:30 partnership.
Second overseas deal to fall through for Tata Steel due to lack of clearances.
Jindal said incentivisation for scrapping old vehicles can be one of the solutions.
Earlier in July 2018, JSPL had bagged the first-ever global tender for supply of rails to Indian Railways.
The steel company has bid for Asian Colour Coated Ispat, Vardhman Industries
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