| Japanese major, JSW Steel plan mutual shareholding | 20-NOV-09 |
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| Sajjan Jindal-promoted JSW Steel is collaborating with JFE Steel Corporation, the world's sixth biggest and Japan's second largest steelmaker, for a manufacturing and mutual shareholding agreement. |
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| JSW Steel up 7% | 06-NOV-09 |
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| The stock rose 7.34 per cent to Rs 774, after the company reported its crude steel production rose 34 per cent to 453,000 tonnes in October 2009 over the same period last year. |
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| JSW Steel seeks iron ore mine in Karnataka | 20-SEP-09 |
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| Jindal South West Steel Limited (JSW Steel Ltd), the flagship company of the JSW Group, is seeking allotment of a captive iron ore mine in the iron ore-rich Bellary-Hospet region of north Karnataka. The company has applied to the state government and is waiting for the grant of the mining lease. |
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| Essar Oil, JSW Steel & Petronet LNG Q1 results | 21-JUL-09 |
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| A drastic reduction in expenditure has boosted the net profit of Essar Oil, India’s second largest petroleum refiner, to Rs 169 crore, a jump of 450 per cent in the first quarter ended June 30, 2009. The company, which processed 2.76 MMT of crude in the same quarter, had reported a profit of Rs 30 crore for the corresponding quarter a year ago. |
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| JSW Steel to double US output in 3 months | 05-JUL-09 |
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| Sajjan Jindal-controlled JSW Steel plans to double the output from its plate and pipe mills in the US following a revival in demand. At present, the plant is utilising 15 per cent of its 1.7 million tonnes (MT) annual production capacity. Within three months, the mills will be running at 30 per cent capacity as the market is recovering slowly, said JSW Group’s Chief Financial Officer MVS Seshagiri Rao. |
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| JSW Steel to 'push' Salboni project | 24-JUN-09 |
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| JSW Steel will ‘push’ through its 10-million-tonne steel plant at Salboni, located just 15 km from Lalgarh in West Bengal — the centre of Maoist insurgency. |
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| JSW, Essar may ramp up production in N America | 19-JUN-09 |
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| Domestic steel producers — JSW Steel and Essar Steel — are likely to ramp up production at mills in North America, which have been running at less than half the capacity. This follows ArcelorMittal’s decision to hike US sheet prices by $80-90 a tonne, with immediate effect. |
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| JSW Steel to raise $1 bn via QIP, FCCB issue | 29-MAY-09 |
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| JSW Steel on Thursday said it will raise $1 billion (about Rs 4,775 crore) through qualified institutional placement (QIP) and issue of securities in the international markets for part-financing its capital expenditures and for meeting general corporate purposes. |
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| JSW Steel inaugurates exclusive branded showroom in Siliguri | 05-MAY-09 |
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| JSW Steel - the largest private sector steel producer in the country, as part of its ongoing forays into pan-India steel retailing, further expanded its footprint in to the North Bengal. The Steel major today inaugurated the first of its kind exclusive branded retail showroom- JSW Shoppe in the pristine Himalayan foothills region through their authorized distributor M/s Siliguri Builders Stores at Siliguri. |
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| Quite a few sectors to beat the slump | 15-APR-09 |
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| Banking, FMCG, power and capital goods are the sectors to watch out for
In what could be seen as a positive sign in a recessionary phase, corporate India looks set to deliver a mixed bag when it declares results for the fourth quarter ended March 2009.
Banks, capital goods, engineering, fast moving consumer goods (FMCG), software services, oil marketing, power, two-wheelers and telecom companies are expected to lead the sales and profit growth of India Inc in the fourth quarter, according to |
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| How JSW Steel is combating the slowdown | 04-APR-09 |
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| JSW Steel, one of the largest private sector steel companies in India, took a major hit in the third quarter by a posting a loss (at the standalone level) as metal prices dropped and the company found itself saddled with high cost inventory. Its operating profit margin dropped from 29 per cent to 15.3 per cent in the December 2008 quarter, and the company posted a loss of Rs 127.50 crore compared to a net profit of Rs 355.37 crore in the same period last year. |
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| JSW Steel inaugurates branded showrooms in Hyderabad, WB | 24-MAR-09 |
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| JSW Steel - the largest private sector steel producer in the country forays into Andra Ptradesh and West Bengal in steel retail. As part of its ongoing foray into retail exclusive shoppes, JSW Steel inaugurated its first JSW Shoppe in Hyderabad through their authorized distributor M/s Mohan Steel Corporation. |
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| How JSW Steel is combating the slowdown | 22-MAR-09 |
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| Metal prices have come off from their highs of 2008 and are now down about 50 per cent. In the case of steel, the fall is in excess of 50 per cent for some of the products. |
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| JSW Steel bullish on rural demand | 18-MAR-09 |
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| JSW Steel, India’s third-biggest steel producer, would set up 600 outlets to supply steel in rural areas, said JSW vice-chairman and managing director Sajjan Jindal. |
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