Page 13 - Jsw Steel

From Nestle India to Maruti Suzuki, impact of Covid-19 on earning estimates

Given the huge hit from lockdown, it is not surprising that 44 of the 80 companies have seen sharp cuts ranging 10% to 72%

Liquidity, labour and logistics are the key challenges: JSW Steel's Rao

Ensuring return of labour as important as sending them back home, says Seshagiri Rao

Fitch downgrades JSW Steel, Tata Steel to BB- from BB; outlook negative

The Indian Steel Association has forecast an 8 per cent drop in domestic demand in FY21

JSW Steel Q4 consolidated PBT at Rs 953 crore, down 60% on weak demand

Net sales down 20%, impairment provision hurts bottomline further

All for liquidity: Watch every rupee, chase dues, and refinance debt

Refinancing high-cost debt into low-cost debt is possible, thanks to the RBI's TLTROs

Conserving cash is the mantra: Firms put capex plans on hold amid Covid-19

In a two-part series, Business Standard takes a look at the capital expenditure plans of firms in key sectors and how they plan to fund it

Lockdown extension would only drag the economy down: JSW's Sajjan Jindal

JSW Group Chairman Sajjan Jindal says unless the government takes proactive steps, demand recovery could take 4-5 months.

Covid-19 impact: Steel firms to focus on exports till demand improves

For the next one to two months, the focus will be on a balance between domestic sales and exports, say experts

Idling trucks, staff shortage: Bottlenecks for industries amid lockdown

Close to 3.5 million trucks (along with their drivers and assistants) are off the road - some because of manpower shortage, and some because they are stuck in various parts of the country.

Moody's puts JSW Steel's rating on review for downgrade over Covid-19 shock

Agency says weaknesses in JSW's credit profile, such as its exposure to weakening steel demand for manufacturing and volatile material costs, have left it vulnerable to shifts in market sentiment

High-debt companies face risk of default amid coronavirus spread: Analysts

CFOs, analysts say moratorium on interest is key to tide over crisis

JSW Steel plans Monnet-like structure for proposed BPSL acquisition

The net debt of JSW at the end of December quarter was at Rs 49,552 crore

SC admits plea challenging NCLAT order allowing sale of Bhushan Power

The Supreme Court Friday admitted a plea challenging appellate tribunal NCLAT's order allowing JSW Steel to acquire Bhushan Power & Steel Ltd for Rs 19,700 crore by providing it immunity from prosecution by the Enforcement Directorate. A bench comprising Chief Justice S A Bobde and Justices B R Gavai and Surya Kant refused however to put the sale on hold. "The appeals are admitted. Senior Advocate Dr A M Singhvi, appearing for the Committee of Creditors, states that in case he receives money, he will return the said amount within two months, if the appeal succeeds," the bench said. The apex court has put up the matter for hearing on April 15. A two-member bench of the National Company Law Appellate Tribunal (NCLAT), headed by Chairman Justice S J Mukhopadhaya, had said that JSW Steel will be immune from the acts done by the former promoters of Bhushan Power & Steel Ltd (BPSL). However, it had also said that prosecution against the former promoters under the money laundering ...

JSW Steel says Fitch revises outlook on company to negative from stable

The revision of the outlook reflects the risks in the company's ability to deleverage and generate positive free cash flow because of the various challenges in the Indian market

JSW Steel's $2.7-billion buy of Bhushan Power & Steel faces legal test

An adverse ruling could also be a setback for lenders, which led by PNB, are seeking a speedy resolution

JSW Steel declared preferred bidder for Jajang iron ore block in Odisha

The Jajang iron ore block holds estimated reserves of 39 million tonne

Metal shares tumble as coronavirus cases jump in South Korea, Italy

The IMF has predicted the epidemic would shave 0.1 percentage points off global growth

Bhushan Power takeover: NCLAT gives JSW Steel immunity from criminal probes

The National Company Law Appellate Tribunal (NCLAT) on Monday gave JSW Steel Ltd immunity from all criminal investigations after its takeover of Bhushan Power & Steel Ltd, whose assets were sought to be attached by the Enforcement Directorate (ED) over alleged bungling by former management. A two-member NCLAT bench headed by Justice S J Mukhopadhaya also declared attachment of assets of insolvent Bhushan Power & Steel Ltd (BPSL) by the ED as "illegal and without jurisdiction". Billionaire Sajjan Jindal-led JSW Steel had moved the appellate tribunal seeking to extinguish all present and future liabilities on account of criminal investigations against Bhushan Power & Steel, contending that an absence of any such protection would jeopardise the feasibility and viability of its resolution plan. JSW Steel had made the highest bid of Rs 19,700 crore for the takeover of BPSL. While the government had in December amended the insolvency law to ring-fence a corporate debtor, after ..

JSW Steel gets NCLAT's approval to acquire Bhushan Power for Rs 19,700 cr

The National Company Law Appellate Tribunal on Monday allowed JSW Steel to acquire of Bhushan Power & Steel Ltd for Rs 19,700 crore by providing it immunity from prosecution. A two-member bench headed by Chairman Justice S J Mukhopadhaya, said that JSW Stwel will be immuned from the acts done by the former promoters of the Bhushan Power & Steel Ltd. However, it also said that prosecution against the former promoters under the money laundering act by the Enforcement Directorate can continue. It has also rejected the petitions filed by operational creditors, seeking higher claims. The bench said that the EDITDA earned by BPSL during its Corporate Insolvency resolution period will be given to JSW Steel.

JSW to triple colour-coated steel capacity in 2 years to meet rising demand

Currently, the company's colour-coated steel manufacturing capacity is around 0.75 MTPA