Page 12 - Jsw Steel

JSW USA to raise $145 mn loan for capex Moody's affirms stable ratings

Company's reliance on long-term external financing will be critical, says agency

JSW Steel reports 11% rise in consolidated crude steel production in Nov

JSW's consolidated crude steel production was at 1.94 MT in the same month last year

Import influx, post-festival slack in demand prompt steel price correction

According to market sources, steel companies have corrected the list price by 2-3 per cent for December to align with the levels at which the market was operating

JSW Steel USA Ohio plans to raise long-term funds in United States

JSW Steel USA Ohio is planning to raise long-term funds in the municipal bond markets in the United States, according to an exchange filing. JSW Steel USA Ohio is a wholly-owned indirect subsidiary of home-grown steel maker JSW Steel Limited. JSW Steel USA Ohio is considering a proposal for raising long-term funds of around 30 year's tenor in the municipal bond markets in the USA, JSW Steel said in the filing. "The Jefferson County Port Authority expects to issue its Economic Development Revenue Bonds (JSW Steel USA Ohio, Inc. Project), Series 2023 in the aggregate principal amount of USD 145,000,000 (the Bonds) on or about December 20, 2023, the proceeds of which will be utilised for extending a loan to JSW Ohio," it said. Jefferson County Port Authority is a port authority and a body corporate and politic organized and existing under the laws of the State of Ohio. The Bonds will be repaid out of proceeds from repayment of loan received from JSW Ohio and the bond holders will hav

Steel firms to hike qtrly contract prices after downward revision earlier

Tata Steel, JSW Steel, ArcelorMittal Nippon Steel India and other producers settling contracts

Warning signs: Over 100 died in mishaps at India's top firms in FY23

The 33 companies had a combined employee strength of 2.9 million. For some companies, though, the employee strength may not include contract labour

Stocks to Watch: TCS, JSW Steel, NMDC, PFC, ONGC, HPCL, LTIMindtree, Apar

Stocks to Watch on November 24, 2023: TCS will turn ex-buyback today; govt plans to ask ONGC to consider launching a rights issue to help fund green projects at refining arm Hindustan Petroleum Corp

JSW Steel completes Rs 750 cr investment in JSW Paints to fuel expansion

JSW Steel on Thursday said it has completed the Rs 750 crore investment in JSW Paints Pvt Ltd (JSW Paints). Like JSW Steel, JSW Paints is a group company of Sajjan Jindal-owned JSW Group. In a regulatory filing, JSW Steel said it has completed the last tranche of investment of around Rs 75 crore in JSW Paints on Wednesday. "With the last tranche of investment of Rs 74,99,99,903, the company has completed making the entire investment of Rs 750,00,00,000 in JSW Paints and has been intimated by JSW Paints today that it has on November 22, 2023, completed the allotment in respect of the aforesaid strategic investment," the filing said. Post this allotment, the company holds 2,94,82,565 equity shares in JSW Paints, representing 12.84 per cent of the issued and paid-up equity capital of JSW Paints (11.85 per cent on a fully diluted basis). On July 23, 2021, the JSW Steel board approved to make a strategic investment of Rs 750 crore in JSW Paints in 3-4 tranches between between FY 2021-2

Stocks to Watch today, Nov 17: Delhivery, IDBI Bank, TVS Motor, Oil-linked

Stocks to Watch on Friday, November 17, 2023: SoftBank may offload around 31 million, or 4 per cent stake, in Delhivery for $150 million

JSW Steel beaten in race for Teck Resources Limited's coal business

Last month, the Sajjan Jindal-led steel giant confirmed that it had not changed its plans for a potential stake buy in Teck's unit.

JSW Steel reports 12% rise in consolidated crude steel production in Oct

JSW Steel on Thursday reported a 12 per cent rise in its consolidated crude steel production to 23.12 Lakh Tonnes (LT) in October. Its consolidated crude steel production was at 20.64 LT in the same month last year, according to a statement. From its India operations, the company produced 22.36 LT of steel in October, up 9 per cent over 20.49 LT in the year-ago period. India operations' production includes the crude steel production of JSW Ispat Special Products Ltd (JISPL) and its subsidiary Mivaan Steels Ltd. In India, the capacity utilisation level stood at 95 per cent in October. JSW Steel USA - Ohio produced 0.76 LT steel compared to 0.15 LT produced in October 2022. JSW Steel is the flagship business of the diversified USD 23 billion JSW Group.

JSW Steel's production grows 12% to 2.32 million tonnes in October

On a yearly basis, production from Indian operations in October grew 9 per cent to 2.23 million tonnes from 2.04 million tonnes

Stocks to Watch today: Axis Bank, Tech M, Vedanta, Delta Corp, ONGC, NDTV

Stocks to watch on Wednesday, October 25, 2023: The Bombay High Court has directed the Directorate General of GST Intelligence, Hyderabad, to not pass a final orders against Delta Corp

JSW steel boss says 'nothing concrete' with Canada's Teck Resources

Acharya said the diplomatic row should not impact business decisions, adding "let us see how those situations evolve"

JSW Steel well placed to participate in India growth story: Jt MD & CEO

JSW CEO & MD Jayant Acharya, says India's growth story is playing out and the company may reach its goal of 50 million tonnes (mt) capacity ahead of the timeline

Strong Q2, healthy prospects: Stock may be pricing in near-term positives

The completion of ongoing capex may increase steelmaking capacity to 37 million tonnes (mt) by FY25. Beyond that, JSW Steel aims to reach 50 mt capacity by FY31

Stocks to Watch today: ICICI Bank, Hudco, NDTV, ABFRL, Samvardhan, Paytm

Stocks to Watch on Monday, October 23, 2023: Paytm said its revenue increased 32 per cent YoY to Rs 2,519 crore in the second quarter, with its consolidated net loss narrowing to Rs 291 crore

JSW Steel reports Rs 2,760 crore net profit on the back of higher sales

The Bloomberg consensus estimate for revenue was Rs 42,539.9 crore and net income adjusted Rs 2,418.6 crore. Sequentially, revenue was up 4.93 per cent and net profit 18.04 per cent

JSW Steel returns to black; reports Rs 2,773 cr net profit in July-Sept qtr

JSW Steel on Friday reported returning to black as it posted a consolidated net profit of Rs 2,773 crore for the July-September quarter on the back of higher income. The steelmaker had suffered a loss of Rs 915 crore in the second quarter of the last financial year. The total income increased to Rs 44,821 crore in the second quarter of the current fiscal as against Rs 41,966 crore a year ago, JSW Steel said in a regulatory filing. JSW Steel's expenses were lower at Rs 40,801 crore in the quarter under review against Rs 43,354 crore in the year-ago quarter. Part of O P Jindal Group, JSW Steel is a leading steel-producing company in India.

JSW Steel, ArcelorMittal in race to buy Vedanta mines, steel assets

Vedanta's ask price for both assets at Rs 10,000 cr