Page 9 - Jsw Steel

Diamond in the rough: Why NINL is attracting interest from all the big boys

Why the sale of a loss-making public sector steel company, which has been closed for over a year, is attracting interest from all the big boys of the industry

India's steel output reports marginal fall to over 19 MT in Jan-Feb 2021

India's crude steel output fell by 1 per cent to 19.1 million tonnes (MT) during the first two months of 2021, according to worldsteel

JSW Steel hits new high on hope of strong recovery in operating performance

Moody's believe JSW will sustain the improvement over the next 12-18 months, enabling a recovery in its financial metrics to levels more appropriate for its Ba2 CFR.

From JSW to SAIL, major steel companies' stocks show strong upside

Brokerages bullish on improving cycle and higher prices

Shares of JSW Steel gain 5% after completion of Bhushan Power deal

Shares of JSW Steel on Tuesday gained 5 per cent after the company said it has paid Rs 19,350 crore to the financial creditors of Bhushan Power & Steel Ltd towards the implementation of resolution plan for acquiring the firm. The stock jumped 5.08 per cent to close at Rs 467.55 on BSE. During the day, it gained 5.62 per cent to Rs 470. On NSE, it rose by 4.99 per cent to settle at Rs 467.45. With the move, JSW Steel has closed the acquisition of Bhushan Power & Steel Ltd (BPSL). "Pursuant to the implementation of resolution plan, the inter-alia included payment of Rs 19,350 crore to the financial creditors of BPSL and merger of SPV with BPSL, PSL (Piombino Steel Ltd) holds 100 per cent equity shares in BPSL," JSW Steel had said in a BSE filing on Friday. Markets were closed on Monday for Holi.

Vedanta, Tata Steel: Steel stocks are showing strong upside. Stay invested

The Nifty Metal index is expected to enter the territory of 4,100 after surpassing the resistance of 3,950-mark decisively

Stocks to watch: Nazara Tech, DRL, Adani Transmission, JSW Steel, Biocon

Pharma major Dr Reddy's Laboratories (DRL) expects the Russian coronavirus vaccine Sputnik V to get approval from the Indian regulator in the next few weeks, a company official has said

After acquiring Bhushan Power, JSW Steel eyes Neelachal Ispat

NINL is jointly owned by Central and state PSUs with MMTC, IPICOL, NMDC, OMC, as major shareholders

JSW Steel pays Rs 19,350 cr to financial creditors of Bhushan Power & Steel

Lenders would stand to realise 41% on claims of Rs 47,157.99 cr

Steel rising in the east: JSW, AM/NS India waiting to set foot in Odisha

Two steel majors will be expanding their presence in the iron ore-rich region just as global raw material prices touch new highs

JSW Steel crude steel production at 1.3 mn tn in Feb, down 1% from last yr

JSW Steel reported crude steel production of 1.3 million tonnes in February, down by 1 per cent from 1.32 million tonnes in the same month of previous year

Three seasons and a washout as the Bhushan Power resolution dragged

BPSL was admitted for resolution under IBC in July 2017. On Friday, it came nearer to resolution with majority of lenders voting in favour of JSW Steel's proposal to close the process

Top headlines: Blackstone-Sify deal, Wipro's Capco deal, and more

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Bhushan Power lenders accept JSW Steel plan, look to close deal by March 31

25 financial creditors would be realising 41% from the Rs 19,350 cr deal on claims of Rs 47,158 cr

After rally, steel and iron ore on course correction led by higher supplies

Price correction started mid Jan, with secondary producers dropping drop long product prices by Rs 7,000-8,000 a tonne; primary producers followed in Feb, pruning by Rs 2,000-3,500

Domestic iron ore supplies may take time to ease

JSW Steel, AM/NS hold the key to iron ore supply woes

JSW crude steel output increases 2% to 14.32 LT in January

Steel maker JSW Steel has registered a rise of about 2 per cent in its crude steel output to 14.32 lakh tonne (LT) during January

JSW Steel to raise $1 bn via dollar bonds for Bhushan acquisition, capex

Source says talks with firm are currently focused on structure of offering and seeking necessary approvals from RBI. Issue will be launched as early as this month

Top headlines: PM blasts 'foreign interference', SA puts vaccine on hold

Business Standard brings you top news of the evening

Ports, roads, steel: 5 companies step up investments as economy recovers

India is focusing on improving its infra as the economy recovers after the coronavirus pandemic. A look at at what Tata Group, L&T, Adani Ports, Ultratech Cement, and JSW Steel plan to do