Key constituents of Nifty Metal index, steel stocks face a challenging earnings season amid diverging domestic pricing trends and mounting global risks from China and tighter EU import restrictions.
JSW Steel reported a 113 per cent y-o-y jump in consolidated profit for the first quarter to ₹4,651 crore. The steel giant's revenue increased 9.8 per cent on an annual basis.
JSW Steel expects stronger H2 growth as domestic demand stays robust, export opportunities improve and lower raw material costs begin to support margins
Revenue from operations rose 9.8% to ₹47,364 crore, while profit before tax doubled to ₹6,160 crore and expenses increased 3.7%
Q1FY27 company results: Firms including Havells India, Federal Bank, Central Bank of India, Oberoi Realty, and RBL Bank are also to release their April-June earnings today
Stocks to watch today: TCS, Maruti Suzuki, JSW Steel, JK Tyre, Federal Bank, AU SFB, SAIL, Nalco, NLC India, Anand Rathi Wealth, JSW Steel, Cummins India, among others, will be in focus today
Higher steel and aluminium prices, better realisations and firm global metal trends are expected to support Q1 FY27 earnings despite higher input costs and softer volumes
Production rose to 6.59 million tonnes despite a prolonged shutdown at the Vijayanagar plant, while Indian operations ran at 94 per cent utilisation
JSW Infrastructure will build a 52 mtpa captive jetty in Odisha at an investment of over ₹2,100 crore to support JSW Steel's upcoming 13.2 mtpa integrated steel plant
JSW Steel described the Rayalaseema investment as one of the largest industrial projects in the region
Aluminium remains is UBS' preferred sub-sector, that offers a mix of earnings growth (cyclical tailwinds), valuation support, and potential to deleverage.
JSW Steel reported a 15 per cent increase in consolidated crude steel production in May, supported by higher output from Indian operations, Dolvi plant operations and JV ramp-up
Output gains were driven by full operations at Dolvi and the ramp-up of JVML, while a key blast furnace at Vijayanagar remained shut for expansion
13.2 mtpa plant coming up on land once earmarked for South Korea's Posco
Facility to come up on land initially acquired for Posco in Odisha's Paradip
Stocks to Watch today, May 19, 2026: Adani Group stocks, Indian Oil, JSW Steel, Astral, and Lupin are some of the key stocks to watch today
JSW Energy on Monday announced the sale of 2.5 crore equity shares in JSW Steel for Rs 3,150 crore through a bulk deal on the National Stock Exchange of India Ltd on May 18. Post-transaction, the company's balance holding is 4,50,38,350 equity shares of JSW Steel Ltd, a regulatory filing said. According to the filing, the company has divested 2,50,00,000 equity shares (face value Re 1 each) of JSW Steel Ltd through a bulk deal on the National Stock Exchange of India Ltd on May 18, as part of a strategic liquidity release, realising gross proceeds of Rs 3,150 crore. The monetisation of a part of the shareholding in JSW Steel Ltd not only releases capital for pursuing the company's growth strategy but also improves return on capital employed, reinforcing the company's commitment to disciplined capital allocation and long-term value creation for shareholders, it added.
JSW Steel plans to expand capacity to 78 million tonnes in India, banking on strong domestic demand and supply-chain resilience despite global volatility
Company plans to raise India steelmaking capacity to 62 MTPA by FY32 as quarterly revenue and sales hit record highs
JSW Steel on Thursday said its board has approved raising up to Rs 14,000 crore through the issuance of non-convertible debentures and equity shares. The board has also approved the scheme of amalgamation of BMM Ispat with JSW Steel at an enterprise value of Rs 6,400 crore, the company said in a regulatory filing. It said funds will be raised through the issuance of non-convertible debentures with warrants, which are convertible into or exchangeable with equity shares of the company of face value of Re 1 each (the equity shares) at a later date, for an amount not exceeding Rs 7,000 crore, inclusive of such premium as may be decided by the board. Also, the company plans to issue equity shares and/or convertible securities (other than warrants) for an amount not exceeding Rs 7,000 crore, inclusive of such premium as may be decided by the board. In a separate statement, JSW Steel said the board has considered and approved the "Scheme of Amalgamation pursuant to section 230-232 and oth