Monnet Ispat, once one of the country’s foremost steelmakers, ran a successful coal-based sponge iron plant with an annual capacity of 1.5 million tonnes in Chhattisgrah New Delhi: JSW Steel and its promoters have acquired around 88 percent stake in the Monnet Ispat and Energy Ltd following completion of the insolvency resolution proceedings, MIEL said Tuesday. The National Company Law …