Page 19 - Jsw Steel

Moody's upgrades JSW Steel's corporate family rating to Ba2 from Ba3

Last week, Fitch Ratings also revised its outlook on JSW Steel to 'stable' from 'negative'

JSW Steel's 12-mn-tonne plant hits land transfer roadblock from forest dept

Same land had been okayed for Posco, but since cleareance was project-specific, JSW will have to apply afresh

JSW Steel beats expectations, records 140% surge in third-quarter profit

JSW Steel's third quarter crude steel production was up 7 per cent to an all-time high of 4.11 million tons

JSW Steel hopes to start work on 12 mt Paradip steel plant in FY19

Sajjan Jindal led JSW Steel is looking at the possibility of starting project activity in the next fiscal on its 12 milion tonne mega steel plant proposed near Paradip in Odisha.The steel maker has committed an investment of Rs 55,000 crore on the integrated steel mill, 900 Mw captive power plant, 32 million tonne pellet unit, a captive port and a slurry pipeline to transport iron ore concentrates from Joda to the project site proposed near Paradip."JSW Steel can start work on the ground after they get land from the Odisha government. The government is processing the land requirement and we believe the identified land can be transferred to the company soon", said an Odisha government official.JSW Steel officials did not respond to queries sent by Business Standard. A questionnaire mailed to the company remained unanswered.The 12 million tonne steel unit by JSW Steel is to come up on 2700 acres land. It is the same land parcel alienated for the South Korean multi-national Posco that ...

JSW Steel posts record crude steel output at 4.11 MT in Sept-Dec period

The company's crude steel production was at 3.86 MT during the same quarter of the preceding fiscal

Insolvency resolution: Sajjan Jindal's JSW Steel may bid for Uttam Galva

Uttam Galva, a customer of JSW, had entered into a long-term raw material supply agreement with it last year

JSW Steel forms subsidiary to fast-track Rs 55k-cr projects in Odisha

Firm has asked state govt to transfer all clearances, approvals to the newly formed JSW Utkal Steel Ltd

Panel asks JSW Steel to submit fresh EC application for Odisha projects

The Sajjan Jindal led-firm on Oct 25 this year, had sought the environment clearance for 13.2 million tonnes integrated steel plant

JSW prepares war chest to bid for toxic assets

To bid for 4 assets with combined debt of Rs 109,000 crore next month

JSW, Piramal-Bain may bid as one for Bhushan Power

JSW Steel is among the six companies selected from the EoI submission stage

JSW Steel seeks green nod for Odisha mega steel plant

Sajjan Jindal controlled JSW Group with interests in steel, infrastructure and energy, has sought the green nod for its mega steel plant cum captive power plant (CPP) proposed near Paradip in Odisha.The company has applied for environment clearance for the crude steel plant of 13.2 million tonnes per annum (mtpa) and 900 Mw CPP to be set up within the integrated steel plant complex.The expert appraisal committee (EAC) of the Union ministry of environment, forest & climate change (MoEF&CC) would take up JSW Steel's case at its upcoming meeting of industrial projects scheduled on November 15."JSW's bid for environment clearance for steel plant and CPP would be vetted by EAC at its next meeting for industrial projects. Along with the steel plant and CPP, a cement unit by the group is also on the agenda", said an official source.JSW Steel had originally proposed to set up a 10 mtpa capacity shore-based steel plant in Odisha. It had asked for 4500 acres of land for the steel mill. .

JSW Steel: Firm profit outlook will help sustain sentiment

Even as Q2 was soft, improving realisations in second half and cost benefits will drive profitability

JSW Steel to tweak design of Odisha project

Sources close to the development said JSW Steel has initiated talks with some overseas companies for some technology collaboration for the Odisha project

JSW Steel to tweak Odisha project design, scale up capacity to 12 mtpa

Sajjan Jindal owned JSW Steel is set to redraw its project design for the mega steel plant proposed in Odisha near Paradip. The company is now keen on 12 million tonnes per annum (mtpa) instead of 1o mtpa mill proposed initially."JSW Steel has of late evinced interest to set up a higher capacity steel plant. They have not elaborated on the reasons to go for 12 mtpa project or the technology they are going to introduce", said a senior government official with direct knowledge of the matter.JSW Steel, preferred not to participate in the story. An e-mail questionnaire sent to the company went unanswered.Sources close to the development said, JSW Steel has initiated talks with some overseas companies for some technology collaboration for the Odisha project. The top steel maker is likely to opt for Corex technology for its proposed Odisha steel plant.The reconfigured project plan with use of upgraded technology means JSW Steel would settle for a smaller patch of land for the steel mill. ...

Flat producer JSW Steel to churn higher margins as against state-owned SAIL

Flat steel products find wide application in automobile sector, while long products are used in construction and infrastructure segment

JSW Steel to bid with AION Capital for Monnet Ispat

JSW is reportedly likely to bid for Bhushan Steel and Bhushan Power & Steel, too

JSW Steel looks for partners in Bhushan Steel bid

Sources said JSW Steel was likely to bid 'aggressively' for Bhushan Steel

JSW Steel aims to to increase own iron ore production

The company expects to begin producing ore from mines it won in a recent auction

OMC open to long-term linkage pact with JSW Steel

JSW Steel's proposed 10 million tonne steel project in Odisha has moved a step ahead with the state run miner Odisha Mining Corporation (OMC) keen to have a long-term iron ore pact with the steel company.In its proposal, the company has pitched for a long-term agreement for 50 years with state owned Odisha Mining Corporation (OMC) to supply 30 million tonne per annum of iron ore fines at IBM (Indian Bureau of Mines) declared price. JSW Steel has suggested that OMC may engage a Mine Developer cum Operator (MDO) on long-term basis to develop its large mines like Gandhamardhan and Dubuna. The objective is to secure long-term iron ore supplies for the steel plant."We already have the long-term linkage policy as approved by the government. We will be processing the JSW requirement accordingly", said a senior Odisha government official.Usually, OMC signs long-term linkage pact with its iron ore consuming industries for five years. In Odisha, Essar Steel, Visa Steel, Jindal Steel & Power

JSW Steel to spend Rs 8k cr per year from capex until 2020: Joint MD

Firm has charted out a capex plan of Rs 26,800 cr to be spent over a period of 3 yrs