JSW Steel Ltd News

JSW Steel, POSCO form joint venture to set up 6 mtpa steel plant in Odisha

The proposed 50:50 joint venture will establish a 6 mtpa integrated steel plant, marking POSCO's return to Odisha and reinforcing the state's position as a key hub for large-scale steel investments

JSW Steel board approves proposal to sign pact with POSCO for joint venture

JSW Steel board on Friday approved a proposal to sign agreements with South Korea-based POSCO Group to enter into a joint venture to set up a 6 million tonne steel project in India. In an exchange filing, JSW Steel said the joint venture project is proposed to be set up in Odisha. "Board of Directors has approved entering into a Share Subscription and Joint Venture Agreement, with POSCO Co., Ltd and POSCO- India Private Limited (together referred to as "POSCO Group") through which Saffron Resources Private Limited ("Saffron"), a wholly owned subsidiary of the Company would become a 50:50 Joint Venture between the Company and POSCO Group," JSW Steel said. The proposed joint venture would set up a greenfield 6 MTPA integrated steel plant in Odisha, the company said. Saffron possesses 887 acres of land in the state that may be used to set up the proposed plant. JSW Steel said further to share subscription and joint venture agreement, the POSCO Group will subscribe to shares of Saffro

Stocks to Watch today: TCS, Wipro, JSW Steel, HDFC Life, BSE, Tata Steel

Stocks to Watch today, April 10, 2026: TCS, Wipro, Tata Steel, HDFC Life Insurance, and Prestige Estates are some of the key stocks to watch today

Japan's JFE Steel invests ₹7,875 crore for 25% stake in JSW Kalinga Steel

Sajjan Jindal-led JSW Steel on Monday said Japan's JFE Steel Corporation has invested Rs 7,875 crore to acquire 25 per cent stake in JSW Kalinga Steel Ltd. The investment is the first tranche of JFE's planned stake in JSW Kalinga, with 2,26,94,524 equity shares allotted to the Japanese firm on Monday, JSW Steel said in a BSE filing. "JFE Steel Corporation (JFE) has invested Rs 7,875 crore, being the first tranche of JFE's investment in JSW Kalinga Steel Ltd (JSW Kalinga) and 2,26,94,524 equity shares of JSW Kalinga have been allotted to JFE today (i.e. March 30, 2026), resulting in JFE holding 25 per cent shareholding on a fully diluted basis in JSW Kalinga," the filing said. Following the recent allotment and board changes at JSW Kalinga under the joint venture agreement (JVA), JSW Steel, and JFE Steel have established joint control over JSW Kalinga and its wholly owned subsidiary, JSW Sambalpur Steel Ltd. JFE's acquisition of an additional 25 per cent stake in JSW Kalinga for Rs

Nifty Metal gains 1% in weak mkt; Nalco, Hindalco, Vedanta lead rally

At 9:40 AM, individually, among others on the National Stock Exchange (NSE), National Aluminium Company (Nalco) jumped 6.11 per cent, followed by Hindalco up 4.3 per cent, Vedanta rose 3.66 per cent

Stocks to Watch today: BSE, Jio Financial, NTPC, Coal India, RailTel Corp

Stocks to Watch today, March 30, 2026: NLC India, CMS Info Systems, JSW Steel, ACME Solar, EPL, and GR Infraprojects, are among the top stocks to watch during today's trading session

How is West Asia conflict impacting metal companies? Axis Sec decodes

Nifty Metal fell as much as 1.6 per cent in trade to day's low at 11,156.7. At 10:49 PM, 14 out of 15 stocks on the index traded with losses

Stocks to Buy: Here's why analyst recommends Jindal Steel, Federal Bank

According to Shrikant Chouhan of Kotak Securities, JSL remains a leading integrated steel and mining player with strong operational capabilities

Nifty Metal index falls up to 5% as West Asia crisis dents market sentiment

The Nifty Metal index, which tracks 15 companies from the metals and mining sector, plunged 4.71 per cent to hit an intraday low of 10,874 on the NSE

Nifty Metal gains 3%; Tata Steel, JSW, LloydsME jump up to 7%: Here's why

Excluding National Aluminium, 14 of 15 index constituents rose on Friday, with Lloyds Metals & Energy, Tata Steel, JSW Steel, Jindal Steel, and APL Apollo Tubes gaining over 3 per cent each

Steel stocks in focus: SAIL, Tata Steel, JSW, Jindal Steel rally up to 4%

In the ferrous space, analysts at ICICI Securities don't foresee any major impact due to ongoing geopolitical tensions as exports share of total steel production is pegged at <6 per cent.

JSW Steel unit eyes debut $1 billion short-term debt issue, says report

The company has invited bids for both the issues on Wednesday and has hired a few foreign banks to act as arrangers, they added

JSW Steel to develop coking coal mine in Mozambique for long-term supply

JSW Steel will develop Minas de RevuboA coking coal mine in Mozambique in phases, a company statement said. Located in the Moatize coal basin of the Tete Province, Minas de RevuboA has 850 million tonne (MT) of reserves, and the potential to yield 250 MT of usable coking coal. JSW Steel said it will develop the mine in phases, with the first phase expected to be developed over the next 2.5 years to produce 2.4 million tonne per annum (MTPA) prime hard coking coal. The project is a step towards JSW Steel's backward integration strategy and is expected to provide long-term supply assurance for one of the most critical and cost-intensive inputs in steel manufacturing. India's domestic premium coking coal resources remain limited, making captive overseas sourcing a strategic imperative. "As we grow to 50 MTPA steel capacity in India by 2030, we hope that this asset will provide strategic and diversified raw material security and cushion JSW Steel against volatile global coking coal ..

Nifty Metal index plunges 4%; Nalco, Hindalco, Tata Steel crack up to 7%

Nifty Metal index: At 10:45 AM on Friday; the metal index was the top sectoral indices loser down 4.3 per cent as against 1.3 per cent decline in the Nifty 50.

IBBI pushes transparency as CoC decisions in bankruptcy cases draw scrutiny

Recent proposals by the insolvency regulator aim to increase transparency and accountability in the Committee of Creditors' decisions after the Supreme Court flagged gaps in the IBC process

JSW Steel crude steel output down 2% to 2.37 mt in Feb amid plant upgrade

JSW Steel said that the production decline was due to the shutdown of Blast Furnace 3 at the Vijayanagar plant for a capacity upgrade, while output growth excluding the unit rose about 8 per cent

Nomura retains confidence in Indian steel cos; Tata, JSW among top picks

Among sector players, Nomura has maintained Buy recommendations on Tata Steel with a target price of ₹220 per share, JSW Steel at ₹1,340, Jindal Steel at ₹1,280, and Lloyds Metals & Energy at ₹1,600

Nifty Metal slides 4% amid West Asia conflict; analysts flag risks

According to analysts, the broader weakness in metal stocks reflects the risk-off sentiment across global markets amid rising geopolitical tensions

Nifty Metal tanks 4% as West Asia tensions spike: Here's what analysts say

Metal shares declined on Wednesday, following weakness in global markets and a broad-based risk-off sentiment triggered by escalating geopolitical tensions in West Asia

Nifty Metal index rallies 3%; Vedanta, Lloyds, Nalco, SAIL rally up to 5%

Tata Steel, JSW Steel and Jindal Steel hit their respective all-time highs on the NSE today