ALSO READJSW Steel's crude steel output falls 4% at 12.78 LT in July JSW Steel could spend $1 billion capacity addition, acquisitions this year, executive says JSW Steel hires intermediaries for investor meetings JSW Steel to raise funds via debentures, bonds JSW Steel marches ahead on good crude steel production in March
JSW Steel today reported a marginal fall of 1 per cent in its crude steel production at 13.37 lakh tonnes for August. It had produced 13.52 lakh tonnes of crude steel in the same month a year ago and 12.78 lakh tonnes in July 2017. Production of flat-rolled products rose by 1 per cent to 9.79 lakh tonnes last month, from 9.71 lakh tonnes in August 2016, it said in a BSE filing today. Long-rolled products registered a 10 per cent growth in output at 2.78 lakh tonnes compared to 2.51 lakh tonnes in August last year. JSW Steel is a leading integrated steel company with an installed steel-making capacity of 18 million tonnes per annum (mtpa).
The alloy-maker is planning to increase its manufacturing capacity to 40-45 mt by 2030. The flagship company of USD 9-billion JSW group was exploring opportunities to acquire assets in India and abroad, its Joint Managing Director Seshagiri Rao had earlier said. The Sajjan Jindal-owned JSW Steel is in talks with Algerias Cevital Group to acquire its Aferpi steel mill in Italy for USD 100 million, according to sources. The stock today ended 1.26 per cent higher at Rs 266 on the BSE.
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