July 12, 2014 7:47 PM ET

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Company Overview of Stemcor India Pvt Ltd

Company Overview

Stemcor India Pvt Ltd supplies iron ore. The company was incorporated in 2003 and is based in Kolkata, India. Stemcor India Pvt Ltd operates as a subsidiary of Stemcor Holdings Limited.

9th Floor. Johar Building

P..1 Hide lane

Kolkata,  700073

India

Founded in 2003

Phone:

91 33 2204 6675

Key Executives for Stemcor India Pvt Ltd

Managing Director
Compensation as of Fiscal Year 2014.

Stemcor India Pvt Ltd Key Developments

Essar Reportedly In Talks To Acquire Stemcor's Assets

Essar Steel India Limited is reportedly in talks to acquire Stemcor Holdings Limited's Indian iron ore stake. Essar Steel has joined Jindal Steel & Power Ltd. (BSE:532286); Tata Steel Limited (BSE:500470); and JSW Steel Ltd. (BSE:500228) in the bidding battle for Stemcor India Pvt Ltd.'s iron ore assets. "We are in talks with Stemcor and keenly looking to acquire Stemcor's Indian assets," a source at the company said Steel First. "We have worked together in the past and have good relations with the company's management," the source added. Stemcor sold its stake in the mill to Essar Steel in 2003. "However, it is not our policy to comment on any specific proposal."

JSPL Reportedly To Acquire Stemcor India For $1 Billion

Jindal Steel & Power Ltd. (BSE:532286) may acquire Stemcor India Pvt Ltd from Stemcor Holdings Limited for $1 billion, The Economic Times reported citing sources privy to the matter.

JSW To Bid Independently For Stemcor’s Assets In India

JSW Steel Ltd. (BSE:500228) will bid on its own for Stemcor Holdings Limited’s assets in India (Stemcor India Pvt Ltd), which are valued between $1 billion and $1.5 billion. This indicates that Jindal Steel & Power Ltd. (BSE:532286) will also bid independently. Sources said that JSW’s top management has reached a consensus that the company has the wherewithal to buy the assets single-handedly. Others in race for the assets are Essar Steel India Limited, Tata Steel Limited (BSE:500470) and Glencore Xstrata plc (LSE:GLEN);are said to be in the race.

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