JSW Steel, the flagship business of 12 billion dollar JSW Group, on Tuesday reported crude steel production of 1.2 million tonnes in July, up 9% from 1.1 million tonnes in the previous month
JSW Steel outlined plans two years ago to invest $1 billion in the US to expand its global footprint
Improving realisations and cheaper raw material should help profitability, though domestic demand is yet to reach pre-Covid levels
SAIL gained 8 per cent to Rs 37.3 after the company on Tuesday informed it attained a sales volume of 15.83 lakh tonnes in July.
Interups offers Rs 2,000 crore in NCLT against JSW's Rs 1,550-cr bid
In April, there was a shutdown for 20 days. So, the results are actually for two months of operations.In May and June, we were profitable at the total-cost level
The firm's total expenses also dropped to Rs 12,504 crore, against Rs 18,164 crore a year ago
With rural India being the only bright spot in the pandemic, steelmakers are looking beyond automobile and exports to daily-use products
The third of the five-part series looks at pick-up in metal sector demand & prices
RP rejects fresh EoI by Interups Inc, says JSW offer pending with NCLT
World steel association has also lowered its forecast for steel demand for calendar year 2020
Moody's expects JSW's leverage will increase to an estimated 6.4x by the end of fiscal 2021
Steel company remains third in capacity pecking order due to Dolvi expansion delay, stalled Bhushan Power acquisition.
While the firm's defence division does not import from China, its other businesses source products from that country.
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There is no power conferred upon the NCLAT under the Insolvency and Bankruptcy Code (IBC) to interfere with a provisional attachment order, ED said.
Anti-dumping duty on Galvalume steel is positive but more is required to boost the sector ailing
Nearly 11,000 migrants workers are not being allowed to enter the 12-million-tonne facility
Nearly 11,000 migrants workers not allowed to enter 12-million-tonne facility
Anti-dumping duty on Galvalume steel is positive but more is required to boost the sector ailing under low demand and realisation