Page 11 - Jsw Steel

Our capacities are just in time to meet growing demand: JSW Steel's Acharya

He tells that short-term challenges will not be a direction for its overall expansion in the medium to long term

JSW Steel Q2FY25 results: Net profit slumps 84% on lower sales realisation

Sequentially, profit down by 48% and revenue by 7.6%

JSW Steel Q2 results: Net profit plunges over 85% to Rs 404 crore

Steelmaker JSW Steel on Friday reported a steep fall of 85.43 per cent in its consolidated net profit at Rs 404 crore in the July-September quarter of the current fiscal, affected by lower income. The company had posted a net profit of Rs 2,773 crore in the second quarter of the last financial year. The total income decreased to Rs 39,837 crore in the second quarter of the current fiscal as against Rs 44,821 crore a year ago, JSW Steel said in a regulatory filing. JSW Steel's expenses were lower at Rs 38,644 crore in the quarter under review against Rs 40,801 crore in the year-ago quarter.

Stocks to Watch, October 25: JSW Steel, NTPC, ICICI Bk, BoB, Axis Bank, IEX

At 7:28 AM, GIFT Nifty indicated a flat opening as it was trading about 3.5 points lower at 24448.50 levels, as against Nifty Futures last close of 24,452.

JSW Steel Q2 Preview: PAT likely to fall 96% YoY; volumes, realisation eyed

Analysts noted that Q2 is typically weaker than Q1 in terms of volumes and prices due to seasonal factors like the monsoon and maintenance shutdowns.

JSW Steel, ACC, NMDC among 31 bidders in 10th commercial coal mine auction

JSW Steel, JSW Energy, ACC Ltd, NMDC Ltd, NTPC Mining Ltd and Jindal Steel and Power Ltd (JSPL) are among the 31 companies which have submitted bids for the tenth round of commercial coal mine auction. "A total of 31 companies have submitted their bids in the auction process," the coal ministry said in a statement. More than 10 new companies have participated for the first time under commercial coal mine auction. A total of 67 coal blocks were put up for sale in June under the tenth round of commercial mines auction. The government has received 44 bids for the 67 coal mines, the statement said. "The bids will be evaluated by a multi-disciplinary technical evaluation committee and technically qualified bidders will be shortlisted for participation in the electronic auction, to be conducted on MSTC portal," it added.

JSW Steel-JFE JV to buy thyssenkrupp Electrical Steel India for Rs 4,051 cr

The transaction is being undertaken by Jsquare, a wholly owned subsidiary of JSW JFE Electrical Steel Private Limited (J2ES)

JSW Steel partners with BHP, Carbon Clean to work on capture technology

JSW Steel on Thursday said it has signed a pact with BHP and Carbon Clean to accelerate the deployment of carbon capture technology in the steelmaking process. India's steel sector accounts for 12 per cent of India's greenhouse gas emissions, with an emission intensity of 2.5 tonnes of CO2 per tonne of crude steel compared to the global average of 1.9 tonnes of CO2 per tonne of crude steel, as per official estimates. "JSW Steel, BHP and Carbon Clean are collaborating to accelerate deployment of carbon capture technology for steelmaking decarbonisation. "Under the agreement, the parties will commence joint studies to explore the feasibility of Carbon Clean's CycloneCC modular technology to capture up to 1 lakh tonne per year of CO2 emissions," JSW Steel said in a statement. There are several challenges with the adoption of carbon capture technology in the steel industry, including capital expenditure and ongoing operating costs, as well as the integration of new equipment into an ..

Birla's Hindalco, Jindal's JSW Steel in race for copper mines in Jharkhand

Aditya Birla Group firm Hindalco Industries and Sajjan Jindal-led JSW Steel are in the race for two copper mines in Jharkhand which will be put on sale this month, sources said. Both mines have a combined capacity of three million tonne per annum. Hindalco Industries and JSW Steel will be vying for state-owned Hindustan Copper Ltd's two copper mines in Jharkhand, sources said. The auction of both the mines is likely to take place in the month of October. While one of these blocks is virgin, the other one is closed for the past 20 years. Hindustan Copper had earlier invited applications for appointment of mine developer-cum-operator (MDO) for re-opening and expansion of Rakha Copper Mine and development and operations of underground Mine at Chapri. Hindustan Copper had said in its recent report that Rakha Mining Lease expired in 2021 and extension of mining lease period is under progress with the Jharkhand government. Further, the application for grant of stage one forest clearanc

JSW Steel hit all-time high, JSPL gains 3% after Nomura initiates 'Buy'

Nomura reckons JSW Steel's and JSPL's mid-cycle earnings have structurally improved due to stronger domestic demand, cost saving measures, and improved efficiency

These 3 NSE Metal stocks can extend gains amid China stimulus; hint charts

Hindalco, SAIL and Hindustan Copper seem to be favourably placed on the technical charts and can potentially rally up to 13 per cent from present levels; check key support and resistance levels here.

Metals stocks glint in trade; Nifty Metal up over 1% on China stimulus

Metal stock surged after China lowered the mortgage rate. At around 9:28 AM, Nifty Metal was up 1.23 per cent at 10,188.3

If we get operating coking coal mine, will look at it: JSW Steel's Acharya

JSW's economic interest in the coking coal asset would be about 20 per cent, said Jayant Acharya, joint managing director, JSW Steel

SC verdict to hit mining firms; Tata Steel, JSW Steel to see lower profits

Tata Steel, JSW Steel, and other companies may see higher costs and reduced profitability from new state-imposed mining taxes, leading to inflation, following a Supreme Court decision

JSW Steel to invest $120 mn in Australian miner for raw material security

The investment will be made through wholly owned subsidiary JSW Steel (Netherlands) BV

Ambani, Bajaj, Birla collectively hold $460 bn, equating to Singapore's GDP

India's most valuable family businesses are collectively worth a whopping Rs 6,009, 100 crore, as per anewly released report which has unveiled the country's most influential family-owned enterprises.

Industry discussing trade measures against imports with govt: JSW Steel CEO

JSW Steel continues to look for coking coal assets overseas, including Australia, and Canada, Acharya said

RIL, Paytm, HDFC Bank, BPCL: Trading strategies for stocks post Q1 results

Technical charts suggest that Paytm is likely to trade with a favourable bias; while others may display a subdued trend in the near-term.

Imports from China, Asean at predatory prices main concern: Jayant Acharya

Even imports from Japan and Korea have been elevated. India is basically a vulnerable ground because our domestic demand is very good, said Jayant Acharya, JMD, JSW Steel

JSW Steel Q1 FY25 results: Net profit drops 63.9% to Rs 845 crore

The Q1 FY25 net profit fell short of the Bloomberg consensus estimate of Rs 1280.2 crore