The JSW Group CFO declined to name any target company. "We are a growth-oriented company, so we would be keen to acquire assets," Rao said. Takeovers Key for Capacity Goals JSW Steel's earlier offer for Monnet was rejected by lead creditor State Bank of India (SBI). For JSW Steel, which has set a long-term target of achieving a 40-million-tonne steelmaking capacity, acquisitions will understandably play a key role. However, Rao said the resolution professional has to send an information memorandum to prospective investors. "Only then can we evaluate," he said, while not denying that the company is interested in troubled steel assets that are now in the NCLT. While the group is banking on acquiring assets at home, it is following a more organic route overseas: JSW Steel plans to revive its ailing US unit, with prospects for the alloy looking up under the new Trump administration. JSW's US plate mill and pipe unit, bought a cost of $1 billion, has been suffering losses for the last 10 years.