PTI reported that JSW Steel has on its radar a handful of potential companies for takeover both in the space of steel making as well as raw material and has already submitted the final binding bid to acquire some assets of Italy's Lucchini after acquiring Welspun Maxsteel for about INR 1,000 crore

Mr Sajan Jindal said on the side lines of an event, organised by the CII, said that "We have given the final binding bid to the government of Italy. We are awaiting their response. We have to go to their committees and then it will be concluded. I think, by end of next month, the deal would be concluded."

He said that JSW Steel was in a "very positive way" looking at acquisition of another Italian steel firm, Ilva, having 10 million tonnes per annum capacity, and would start due diligence.

He added that “While the Lucchini acquisition could cost below USD 100 million, the buying of Ilva would need very big investment as it has lot of liabilities and it's a very complex project.”

He added that "There are many such units which are potential takeover targets. We are looking at them and if they fit into our policy and our canvas, then we look at them. These are mostly in Europe."

He added that "We are always open to various ideas. We are looking at various ideas, but nothing has materialised as yet. We are looking at iron ore assets all over - in Australia, Africa, North America and South America."