Page 6 - Jsw Steel

JSW Steel earmarks Rs 15,000 cr to expand Vijayanagar facility by FY24

JSW Steel is the flagship business of the diversified USD 13-billion JSW Group, which has a presence in sectors such as energy, infrastructure, cement, paints, sports and venture capital

India's 2022 steel consumption seen strong amid muted prices, infra push

Offtake is expected to jump to 111 million tonnes in CY2022 after a severely impacted year CY2020 which saw consumption falling to 89.3 million tonnes, said Care Ratings in a recent report

JSW announces R&R compensation package for its Rs 55,000-cr Paradip project

Leading Indian steelmaker JSW has declared a special rehabilitation and resettlement (R&R) compensation package for the would be affected people before going ahead with its plans to set up a Rs 55,000 crore steel plant in Odisha's Jagatsinghpur district. The R&R compensation package for the project affected people with ration card in the land losing villages of Nuagaon, Gada Kujang and Dhinkia Gram Panchayat, for its integrated steel plant at Paradip, is announced based on discussions at the district, gram panchayat and village level with extensive participation of villagers, district administration and other stakeholders to elicit public opinion, an official said. The Posco project in the same area was withdrawn earlier due to stiff resistance from the local people during the land acquisition activities. The compensation announced now by the JSW is way above the policy provisions outlined in the Rehabilitation & Resettlement Policy, Odisha, 2006, the official said. JSW ...

Breakout on the cards? Tata Steel, Vedanta, SAIL can rise up to 12%

The metal index is on the verge of breakout, if crosses 5,800 mark, another 6 per cent jump is very certain.

Indian steel prices won't fall as much as global rates: JSW's Seshagiri Rao

JSW Steel MD and group CFO Seshagiri Rao said Indian steel prices were at a discount to international prices during the rally and therefore the correction will not be as steep

Stocks to Watch: Maruti, Axis Bank, JSW Steel, NMDC, Rel Capital, FMCGs

Maruti expects December production at its Gujarat and Haryana plant to be impacted by the ongoing semiconductor shortage

Seven firms, including JSW Steel, submit bids for coal blocks

JSW Steel and Adhunik Power & Natural Resources are among seven companies that have submitted bids for four coal blocks put up for sale under "second attempt" of auction process for 11 mines for commercial mining. These coal mines were also offered in the first attempt launched on March 25 this year and had fetched single bids. "A total of 7 companies have submitted their bids in the auction process," the coal ministry said in a statement. The seven firms are Auro Coal Pvt Ltd, JSW Steel, MP Natural Resources Pvt Ltd, Adhunik Power & Natural Resources, Assam Mineral Development Corp Ltd, Virtuous Mining Ltd and Twenty First Century Mining Pvt Ltd. Total seven bids were received by the ministry for four coal blocks namely Beheraband North Extn, GondbaheraUjheni East, Lalgarh (North) and Tokisud Block II. "A total of 7 bids have been received for 4 coal mines," the ministry said. The online bids were decrypted and opened electronically in the presence of the bidders, it ...

JSW Steel enters S&P DJSI Sustainability Index 2021 for Emerging Markets

JSW Steel is one amongst only three steel companies from emerging markets that made it to the DJSI EM Index

JSW Steel's crude steel output grows 6% to 14.25 LT in October

Domestic steel giant JSW Steel on Tuesday posted a 6 per cent year-on-year rise in crude steel production at 14.25 lakh tonne (LT) during October 2021

JSW Steel's US arm begins phase-II upgrade to reach newer markets

Baytown plate mill expansion scheduled for completion 2023

JSW Steel USA begins Phase II upgrade of plate mill facility in Texas, US

The project which is expected to be completed by 2023, is being carried out by its subsidiary company JSW Steel (USA) Inc, JSW Steel said in a statement.

JSW Steel to invest Rs 150 crore to set up steel facility in Kashmir

The planned downstream manufacturing facility of capacity 120,000 tonne per annum will also house special lines to produce 'Steel Sandwich Panels' and 'Steel Doors'

May have to absorb some of last quarter's severe cost hike: JSW Steel Jt MD

In a Q&A, Seshagiri Rao, who is also group CFO, says the firm could introduce a surcharge to pass on the spike, but may still absorb $90-100 cost per tonne of coking coal in Q3

Sensex slips 102pts, Nifty holds 18,100; ITC drops 3%; IRB Infra zooms 20%

Stock market LIVE: Financial shares helped limit the losses, while IT, metal and FMCG shares weighed on the benchmark indices; Midcap, Smallcap indices decline over a per cent each

JSW Steel Q2 consolidated net profit rises 350% to Rs 7,170 crore

Saleable steel sales for the quarter stood at 3.83 million tonne (Indian operations excluding JVs), an increase of 10 percent sequentially

JSW Steel Q2 consolidated net profit grows over 4-fold to Rs 7,179 crore

JSW Steel on Thursday posted an over four-fold jump in its consolidated net profit to Rs 7,179 crore for the second quarter ended September 30, mainly driven by higher income.

Stocks to Watch: Asian Paints, Biocon, IDBI, JSW Steel, Lodha, TVS Motors

State-run PSU banks and telecom stocks are likely to be in focus along with a slew of mid- and small-cap companies that shall announce their September earnings today

Steel production needs to be decarbonised, says new worldsteel chief

Newly elected worldsteel Chairman Sajjan Jindal on Wednesday called for a joint effort of the industry to "build cleaner future" by working towards decarbonising steel production.

World Steel Association elects JSW Steel's Sajjan Jindal as Chairman

The World Steel Association on Wednesday said that it has elected JSW Steel Chairman and Managing Director Sajjan Jindal as its Chairmanfor the 2021-22 period

Stocks to Watch: Zee, HFCL, Tata Motors, Glenmark, JSW Steel, Vakrangee

Six companies are slated to announce earnings today including BEPL, DRC Systems India, JTL Infra, and Ind Bank Housing