Flat steel production at 9.58 lakh tonne, up 30% on annual basis
Cost pressure will stay but volume growth expected to remain strong
Revenue in the second quarter stood at Rs 14,421 crore, up from Rs 11,993 crore in the same quarter last year
Thus far in 2016, the stock rallied 76% as compared to 8% rise in the S&P BSE Sensex.
Captive source of raw material to augur well for steel producer; estimated reserves of the five mines is 111 million tonnes
Company had clocked an output of about 1.07 MT during the same month in 2015, it said in a regulatory filing
It has two air separation plants, each with a capacity of 2,500 tonnes per day, in Bellary District of Karnataka
Rising volumes, improving realisations and softer input prices pushed performance; however, Sept quarter likely to be softer
Net sales of the steel producer stood at Rs 12,709 crore in the period under review, up 3% from same period last year
The company also completed very low-cost and returns-accretive capacity expansion projects at Vijayanagar, Dolvi and Salem
The firm also has an objective of achieving a capacity of 40 MTPA in the next decade
Company downgraded on deterioration of consolidated net leverage amid decline in fund flow from operations
Proceeds will be used to meet long-term capex needs and refinancing of expensive debt to reduce interest costs
The project would create up to 30,000 additional indirect jobs
Shares of JSW Steel were trading 0.10% lower at Rs 1,404 apiece on the Bombay Stock Exchange
Crude steel production stood at 13.48 lakh tonnes in May
The profit was up 174 per cent from the corresponding period last year
Benefits of minimum import price should reflect from June quarter; new capacities will drive volumes
Concerns on weak Europe environment, liabilities of Tata UK ops, and JSW's debt
Sajjan Jindal-owned firm one of the seven bidders; deal would add 5.5-mt capacity