Page 3 - Jsw

JSW Steel says group's combined output grows 28% to over 5 MT in Oct-Dec

JSW Steel on Tuesday posted a 28 per cent year-on-year growth in group combined steel production at 5.35 million tonnes (MT) during the quarter ended December 30, 2021. In a statement, the JSW Group company said it had produced 4.18 MT in the October-December period of the financial year 2020-21. "JSW Steel reported group's combined crude steel production at 5.35 million tonnes for Q3 FY22, including the production at jointly controlled entity viz. JSW Ispat Special Products Ltd (JISPL)," it said. JSW Steel's standalone output rose by 8 per cent to 4.41 MT from 4.08 MT in the year-ago quarter, the statement said. The capacity utilisation of existing operations at standalone level was at 94 per cent during the third quarter of the ongoing 2021-22 financial year. JSW Steel is the flagship business of the diversified USD 13 billion JSW Group. JSW Group has other business interests also in sectors such as energy, infrastructure, cement, paints, sports and venture capital.

JSW launches socio-economic survey in proposed plant site in Odisha

Amid opposition from a section of villagers, domestic steel major JSW on Thursday, launched a socio-economic survey in the proposed Integrated Steel Plant (ISP) site in Odisha's Jagatsinghpur district

JSW e-com biz JSW One Platforms starts fulfillment ops in Tamil Nadu

JSW One MSME, a platform which will offer an e-commerce marketplace for small and medium-size manufacturers, will offers the MSME customers a tech-based marketplace for buying raw materials, others

JSW Steel plans to levy surcharge on steel products as input cost mounts

To offset the rising input cost, the domestic steel giant JSW Steel is planning to levy a surcharge

JSW lspat Special Products' net loss narrows to Rs 36.85 cr in Sep qtr

JSW lspat Special Products Limited on Tuesday said its standalone net loss has narrowed to Rs 36.85 crore during the quarter ended September.

JSW Infra plans Rs 10k-cr capex by 2025, including investment in logistics

Capex will also include investment in logistics to better hinterland connectivity

JSW Paints eyes spot among top three players in the country by 2025

JSW Paints, which is present in the south and west of the country, is looking to launch in the north and the east

JSW Paints eyes 10% mkt share, spot among top-three paint players by 2025

At present, JSW Paints has a market share of 1.5 per cent in the decorative segment and is targeting 3-4 per cent by the end of this fiscal

Tamil Nadu inks deals with 35 firms; to see over Rs 17,000 cr investment

Job opportunities for 55,000 likely; TCS, JSW Renew Energy Two among several firms investing in the state

Tokyo Olympics: Herbalife joins MPL, Amul and JSW as sponsor for India team

Nine days ahead of the upcoming Tokyo Olympics, Indian Olympic Association roped in global nutrition company Herbalife as one of its sponsors

JSW Hydro Energy raises $ 707 million via green bonds overseas

JSW Energy on Tuesday said that its arm JSW Hydro Energy has raised USD 707 million through green bonds abroad. "JSW Hydro Energy raises USD 707 million from international bond markets through debut Green Bond Issue under 144A / Reg S format," a JSW Energy statement said. According to statement, JSW Hydro Energy has priced the fixed rate senior secured green 144A/Reg S Bond for a 10-year tenor at 4.125 per cent. The proceeds from the issuance will be used towards repayment of existing green project-related rupee-denominated indebtedness, it said. The green bond framework for the company's debut bond transaction has been reviewed by Sustainalytics, who has issued a second party opinion. The company engaged with several investors on a global deal roadshow across Hong Kong, Singapore, London, New York and Los Angeles. Backed by an extremely strong investor feedback, the transaction was launched with an initial price guidance of 4.500 per cent area and tightened by 37.5 bps (basis po

BSE Metal index soars 4.4%; Tata Steel and JSW hit fresh all-time highs

Shares of steel cos have been on a tear recently, owing to a sharp rally in steel prices. Price of Asian flat HRC has shot up over 20% while that in Europe has gained 40% this calendar year

Top headlines: Auto-debit payments, steel firms' stocks surge, and more

Here are the top business headlines on Wednesday morning

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.

Banks to send more cases to bankruptcy courts even as old ones lie stagnant

Several roads, real estate and power companies are headed to the bankruptcy courts once the one-year ban imposed by the RBI lifts in the coming week

Delhi Capitals announce JSW as principal sponsors from 2021 to 2023

The JSW insignia will be sported on the front of the team's jersey, and complemented by in-stadia branding of the JSW product portfolio during the Indian Premier League (IPL)

Open to wind, solar modes for future projects: Prashant Jain, JSW Energy

JSW Energy's joint MD and CEO Prashant Jain speaks about the company's growth opportunities

JSW Infra completes acquisition of Chettinad Group's port biz for Rs 1K cr

JSW Infra will also modernise its port assets which now have a combined cargo handling capacity of 17 million tonnes per annum

JSW, Liberty group may participate in strategic sale of NMDC steel plant

Nagarnar Steel Plant with 3 mn tonne capacity is likely to be commissioned by June-July next year. disinvestment process is expected to be completed by September 2021

Tamil Nadu signs 14 MoUs worth Rs 10,000 cr, to create 7,000 new jobs

Among the companies that have committed investments are JSW Renew, Britannia, Apollo Tyres, Li-Energy for EV battery packs, Britannia and Hyundai Wia