Page 12 - Jsw Steel

JK Cement, JSW Steel, Polycab among 10 stocks to go ex-dividend on Tuesday

These 10 companies had fixed July 09 as the record date for a dividend payout of up to Rs 30 per share.

JSW Steel USA to invest $110 mn to modernise plate mill in Baytown, Texas

JSW Steel on Tuesday said its subsidiary JSW Steel USA plans to invest USD 110 million to modernise its steel plate mill in Baytown, Texas with new equipment and sustainable technology. These investments will enable the production of high-quality monopile steel plates to support the US administration's new actions to expand offshore wind energy by deploying 30 gigawatts (GW) of offshore wind by 2030, enough to power 10 million homes with clean energy, the company said. "JSW Steel USA, Inc plans to invest USD 110 million in steel plate mill modernization projects with sustainable technology and state of the art equipment within its manufacturing facilities in Baytown, Texas," JSW Steel said in a statement. Steel products made through this investment are aligned with "Buy America" requirements for niche grades and sophisticated applications such as hydrocarbon pipelines, offshore wind towers and platforms, high-density pressure vessels and monopile steel slabs, JSW Steel said. Parth

JSW Cement to invest Rs 3K cr to set up manufacturing unit in Rajasthan

JSW Cement on Tuesday said it plans to invest around Rs 3,000 crore to set up a cement manufacturing facility in Nagaur district of Rajasthan. The greenfield, integrated facility will be funded by a mix of debt and equity, the company said. The investment in the new facility includes a clinkerization unit of up to 3.30 MTPA (million tonnes per annum) and a grinding unit of up to 2.50 MTPA, said a statement from JSW Cement, a part of USD 24.25-billion JSW Group. The new plant will also have an 18 MW waste heat recovery-based power generation system, it added. "The proposed investment will be funded through a mix of equity and long-term debt," it said. This new plant is also expected to create more than 1,000 direct and indirect job opportunities, JSW Cement said. The investment also includes around 7-km overland belt conveyor to transport limestone from mines to the manufacturing plant and arrangements to use alternative fuel in the kiln. JSW Cement Managing Director Parth Jindal

Will invest about Rs 65K cr in the next 3 years: JSW Steel Joint MD & CEO

Demand in the last quarter did slow down a bit because of lower-priced imports and pre-election economic activity slowing. This will come back after the elections

JSW Steel stock falls 2% as profit plunges 65% in Q4

JSW Steel's consolidated net profit dropped 64.5 per cent to Rs 1,299 crore, from Rs 3,664 crore in the previous year. Sequentially, the profit fell 46 per cent, from Rs 2,415 crore

JSW Steel Q4 results: Profit plunges 64.5% as revenues take a hit

The company also announced the appointment of Swayam Saurabh as the chief financial officer (CFO Designate), who will take over from Rajeev Pai next month

JSW Steel Q4 results: Net profit declines nearly 65% to Rs 1,299 crore

JSW Steel Q4 FY24 results: The company recommended a final dividend of Rs 7.30 per fully paid-up equity share of Re.1 each for the year ended on March 31, 2024

Eicher Motors, BoI, Piramal Pharma among seven stocks to track on May 13

Stocks to watch on May 13: Eicher Motors' consolidated profit after tax stood at Rs 1,070 crore for the fourth quarter ended March 2024 (Q4FY24), on the back of higher sales

BSE Metal index surges 3% as base metals climb to multi-year highs

Metal stocks top performers: Here's why metal stocks were in demand on the Dalal Street on Wednesday.

JSW Steel posts record output at 26.43 in FY24, sees YoY growth of 9%

JSW Steel on Monday posted a record output of 26.43 million tonnes of crude steel during financial year 2023-24, registering an on-year growth of 9 per cent. It had produced 24.14 million tonnes (MnT) crude steel on a consolidated basis in preceding financial year, JSW Steel said in a statement. In the January-March period of 2024, the consolidated output was at 6.79 MnT, higher by 3 per cent over 6.58 MnT in the year-ago quarter. "JSW Steel has achieved its highest-ever annual consolidated crude steel production of 26.43 MnT, with a growth of 9 per cent YoY. The production for Q4 FY24 stood at 6.79 MnT, higher by 3 per cent YoY," it said. The company produced 25.55 MnT steel from its India operations, up 8 per cent over 23.62 MnT in the last fiscal. The output in India rose 3 per cent to 6.54 MnT from 6.37 MnT in the same quarter last fiscal. In the US, JSW Steel USA Ohio posted a 63 per cent rise in output to 0.87 tonnes from 0.53 tonne in FY23. The production in the last quart

JSW Energy announces completing Rs 5,000 cr QIP to fund growth plans

The company, in a disclosure earlier, had said the proceeds would be used for investments in JSW Neo Energy, a subsidiary which holds green energy assets and repayment of certain borrowings

SAIL at 14-yr high; Can steel stocks extend rally? Here's what charts say

The Nifty Metal index has gained 6% in the last 3 days outperforming the benchmark Nifty. Here's a technical outlook on SAIL, Tata Steel, JSW Steel and Jindal Steel.

JSW Steel zooms 5% on commissioning hot strip mill at its Vijayanagar plant

Shares of steel major JSW Steel soared 4.70 per cent at Rs 870.45 a piece on Monday after the company's subsidiary increased steel capacity, integrating a new mill into its fold

Hindalco, JSW, Tata Steel: Tech charts hint at mixed outlook for metal stks

The NSE Metal index has rallied 3% so far this week, while the Nifty has edged 0.2% higher. Technical charts suggest select frontline metal shares can rally another 14% from present levels.

Steel majors to invest billions of capital to meet buoyant local demand

A spurt in economic activity and a revamp of broader infrastructure have drawn steel makers from around the world to India, where demand is rising. In Europe and the United States, it is falling

Steel stocks surge up to 5% on muted Chinese steel output

The stocks of domestic steel companies surged nearly 5 per cent on Monday, on the back of muted steel production data from China. Share prices of Tata Steel, Jindal Steel and SAIL moved up

CLSA downgrades prompt selling in Tata Steel, JSW Steel after 3-day rally

Tata Steel had made a new record high of Rs 156 in Saturday's special session on March 2. In the last three days, prior to today's losses, the stock had rallied 8 per cent

JSW Steel, Italy govt sign agreement to relaunch Piombino steel hub

Apart from doubling the current rail-making capacity from 300,000 tonnes to 600,000 tonnes per annum, the investments at Piombino are aimed at making the rail mill more efficient

JSW Steel floats subsidiary for production of hot, cold-rolled steel item

JSW Steel on Thursday announced incorporating a wholly-owned arm JSW Green Steel Ltd for the manufacture of hot-rolled and cold-rolled steel products. The arm was incorporated on February 27 in Mumbai and is yet to commence its business operations, JSW Steel informed the exchanges. JSW Green Steel Ltd has now become its wholly-owned subsidiary, the company said. "The new entity has been incorporated for manufacturing of hot-rolled and cold-rolled products of steel, which is in line with the main line of business of the company," JSW Steel said. Hot-rolled steel finds applications in sectors like automobile, agriculture etc, while cold-rolled steel is used by industries manufacturing, construction and home appliances, among others.

JSW Steel plans to borrow $750 mn loan to meet capital expenditure needs

JSW Steel Ltd., part of the $23 billion JSW Group, is sounding out lenders and a mandate is likely in the coming days, the people said, asking not to be identified as the information is private