Page 17 - Jsw Steel

JSW Steel's crude steel output grows 7.7% to 1.4 mn tonne in October

The Sajjan Jindal-led company had produced 13.43 LT crude steel in October 2017

JSW Steel to invest $150 mn in first tranche for greenfield Texas plant

The plant is expected to be completed by March 2020

JSW Steel: Ahead of estimates in Q2 despite cost pressures; stock up 0.4%

Expansions, acquisitions and backward integration to drive future earnings

JSW Steel Q2 net profit up almost 3-fold to Rs 20.87 bn, beats expectations

Increased volume sales, better realisation lend strong support to bottomline

JSW Steel beats forecast, net jumps 153% to Rs 22.8 bn in Sep quarter

Its total consolidated revenue from operations in the quarter under review was Rs 215.52 billion, compared with Rs 172.40 billion in the same quarter last year

JSW Steel buys 60% share capital in DMMPL in a Rs 1.09-bn all-cash deal

After the acquisition, DMMPL has become a wholly owned subsidiary of JSW Steel, which along with its nominees now holds 100 per cent of the issued and paid-up equity share capital

With eye on Bhushan Power, JSW Steel may raise funds via rights

'JSW Steel is exploring differentiated financing options, including joint control model, to fund its acquisition of stressed assets of Bhushan Power and Steel'

JSW Steel emerges as preferred bidder for iron ore mine in Karnataka

The government is looking to put on block over 100 mines in the next six months, according to the ministry

JSW Steel explores options to fund acquisition of Bhushan Power, Essar

Under the joint control model, a special purpose vehicle (SPV) will be set up and the acquired stressed assets will rest with the SPV

JSW Steel output up 6% to 4.18 mn tonnes in Sep quarter; shares slump 4%

JSW Steel is a leading integrated steel company in India with an installed steel-making capacity of 18 MTPA

JSW Steel aims to begin work on Odisha's 12 mn tonne steel plant in 2019-20

JSW Steel has pledged Rs 550 billion investment on the mega steel plant and attendant infrastructure - a captive power plant, a slurry pipeline and pellet unit

JSW Steel has strong financials, enough headroom to expand: Seshagiri Rao

JSW Steel has very strong financials and substantial cash generation, says Seshgiri Rao

JSW Steel and promoters acquire around 88% in Monnet Ispat and Energy

JSW Steel and its promoters have acquired around 88 per cent stake in the Monnet Ispat and Energy Ltd (MIEL) following completion of the insolvency resolution proceedings, MIEL said Tuesday. The National Company Law Tribunal (NCLT) had earlier approved a Rs 2,875-crore bid by a consortium of Aion Investments and JSW Steel to acquire the bankrupt Monnet Ispat & Energy, which owes over Rs 11,000 crore to a clutch of lenders. The Aion-JSW consortium was the sole bidder for the 1.5-million-tonne asset in Chhattisgrah. According to a filing by MIEL, JSW Steel Ltd, Crexient Special Steel Ltd, JTPM Atsali Ltd, AION Investments Private II Limited and JSW Techno Projects Management Ltd have been allotted around 87.52 crore equity shares and compulsorily convertible preference shares representing 87.91 per cent shareholding of the company. MIEL had recently said the insolvency resolution plan approved by NCLT was completed under which JSW Steel provided a working capital advance of Rs 125 .

JSW Steel to reduce import of iron ore from other states into Karnataka

The main drivers are the company's captive mines in the state coming on stream and a partial correction in the NMDC price

Project pipeline and demand to drive JSW Steel growth; stock gains

Backward integration, brownfield expansions and buys will improve topline, margins

JSW Steel to expand Vijayanagar plant capacity by 38% to 18 mtpa

The company is planning to spend around Rs 430 billion in the next three years in these expansions, besides downstream facilities.

JSW Steel once again becomes largest buyer of NMDC iron ore in Karnataka

The steel producer had curtailed its off take from the state-owned miner due to quality issues

JSW Steel hits new high; market-cap nears Rs 1-trillion

The stock hit a new high of Rs 409, up 2%, extending its Wednesday's 9% surged on the National Stock Exchange , after the announcement of its entry in Nifty 50 index from September 28.

JSW Steel hits 52-week high after being included in the Nifty 50 index

At 11:54 am, JSW Steel was trading at Rs 391.85, up 7% on the NSE. In comparison, the benchmark Nifty 50 index was at 11,728, down 0.1%.

JSW Steel to replace pharma firm Lupin in Nifty 50 from September 28

The inclusion of JSW Steel is expected to boost the steelmaker's stock, given that several exchange-traded funds (ETFs) track the Nifty index