Brief: JSW Energy says co has withdrawn istelf from acquisition process of MPCL

JSW Ispat Special Products

21/07/2016 09:14

July 21 (Reuters) - JSW Energy Ltd  JSWE.NS : 
 * Withdrawn istelf from acquisition process of MPCL 
 * Weak merchant prices and recent hardening of intrnational coal prices are 
   expected to put pressure on margins 
 * Expect merchant demand, prices to remian benign unless pick-up in economic 
   activity drives significant demand improvement 
 * Enabling works for Kutehr project, Himachal Pradesh are continuing; project 
   cost is estimated at 29 billion rupees 
 
 * Source text: http://bit.ly/29NxpLX 
 
 * Further company coverage  JSWE.NS   
 ((Bengaluru Newsroom; +91 80 6749 1130))