Page 14 - Jsw Steel

LTI Mindtree replaces HDFC in benchmark Nifty; JSW Steel added to Sensex

Analysts said going ahead LTIMindtree and JSW might benefit as both the indices are popular benchmarks for ETFs

JSW Steel to double capacity in 3 yrs; renewables to power plants: Jindal

JSW Steel is aiming to nearly double its capacity to 50 million tonnes in the next three years, chairman Sajjan Jindal said on Thursday. The city-headquartered company is also aiming to shift to renewable sources of power to fire the entire 50 million tonnes of production, Jindal said speaking at an event organized by the Bombay Chartered Accountants Society late on Thursday evening. Today, at JSW Steel we are at 28 million tonnes capacity and next year we will be 37 million tonnes capacity and (in) three years' time we will be 50 million tonnes capacity, he said. He said the company is also paying a lot of emphasis on sustainability and has devised a plan to completely shift its power usage to renewable sources. "At JSW Steel, we would probably be the first steel company in the world which will be 50 million tonnes capacity and operate 100 per cent on renewable power, that is the plan we are doing, Jindal said. Jindal said as the company goes ahead with its planned capacity ...

Sensex zooms 340 pts, ends near 65,800; Nifty tests 19500; auto stocks lead

Closing Bell on July 6, 2023: This was the Nifty50 index's eighth straight session of gains

JSW Steel posts 11% rise in crude steel production at 6.43 MT in Q1

JSW Steel on Thursday posted an 11 per cent year-on-year growth in consolidated steel production at 6.43 MT during the first quarter of this financial year. It had produced 5.77 million tonnes (MT) steel during the April-June period of the preceding 2021-22 fiscal, JSW Steel said in a statement. However, on a quarter-on-quarter basis, steel production stood at 6.43 MT, 2 per cent down from the 6.58 MT output in the quarter ended March 31, 2023. The consolidated numbers include production of JSW Steel's operations in India and JSW USA - Ohio. The operations in Ohio produced 0.24 MT steel, up from 0.16 MT in April-June FY23. Part of JSW Group, JSW Steel is among the top three steel producing companies in India.

Stocks to Watch on July 6: JSW Steel, Adani Wilmar, DCB Bank, Zomato, BSE

Stocks to Watch on Thursday: JSW Steel will replace HDFC in the S&P BSE Sensex effective from July 13. Moreover, Zomato will replace the stock in S&P BSE 100 index

JSW Steel to replace HDFC in 30-share S&P BSE Sensex from Jul 13

In S&P BSE 500, JBM Auto Components Ltd will replace HDFC and in S&P BSE 100, Zomato will be included in place of the mortgage lender

BSE rejig: JSW Steel to replace HDFC in Sensex with effect from July 13

Index provider Asia Index, a joint venture between S&P Dow Jones Indices and BSE, has announced changes to a total of 24 of its indices

Steel prices may not fall further, but China key: Indian steelmakers

Steelmakers are confident about the business of Indian steelmakers

Stocks to Watch: SBI, HDFC twins, JSW Steel, Vedanta, TCNS, ITC, ABFRL

Stocks to watch on June 28, 2023: HDFC said the announced dates for its merger into HDFC Bank are tentative and subject to completion of certain formalities; JSW Steel could replace HDFC in Sensex

Early days of optimism for steel firms as prices move up in China

Stock valuations could improve dramatically if demand rebounds and the China policy support comes through

Sajjan Jindal may acquire 48% stake in MG Motor India, govt onboard

When concluded, the deal will leave at least 51 per cent stake of the company in Indian hands

JSW Steel eyes coking coal assets to beef up raw material security

Target is to have 25% linkages in the next few yrs: Acharya

Stocks to Watch today, May 23: PolicyBazaar, BPCL, Vedanta, NMDC, JSW Steel

Stocks to watch on May 23, 2023: Amara Raja Batteries, Ashok Leyland, Biocon and NMDC among prominent companies to announce Q4 results on Tuesday

JSW Steel, JFE Steel to form JV for CRGO electrical steel manufacturing

JSW Steel and JFE Steel's strategic alliance goes back to 2009

JSW Steel, Japan's JFE ink pact to manufacture electrical steel in India

The JV shall be able to manufacture the entire range of CRGO products at its proposed facilities at Vijayanagar, Karnataka

Very strong India story will play out going ahead: JSW Steel Joint MD & CEO

In a Q&A, Jayant Acharya says he sees private capex coming in now, since capacity utilisations have improved

JSW Steel plans to raise up to Rs 17,000 cr; $1 bn from int'l markets

JSW Steel on Friday said its board has approved plans to raise funds up to Rs 17,000 crore through the issuance of various securities and tap the international markets to mop up USD 1 billion. According to a regulatory filing, an amount totalling Rs 17,000 crore is proposed to be raised through the issuance of convertible securities and non-convertible debentures (NCDs), among other instruments. Besides, the board has approved a proposal to raise USD 1 billion through the issuance of non-convertible senior unsecured fixed-rate bonds in the international markets, JSW Steel said. With respect to the plan to mop up Rs 14,000 crore through issuance of non-convertible debentures and convertible securities, the company said, it had obtained shareholders' approval in July 2022. "The enabling resolution was not acted upon within the stipulated period of one year. Therefore, in order to validate the said resolution, a fresh approval is being sought from the shareholders at the ensuing Annua

JSW Steel elevates Jayant Acharya as Joint MD, CEO with immediate effect

JSW Steel on Friday said Jayant Acharya has been elevated to the post of Joint Managing Director and Chief Executive Officer of the company with immediate effect. Until now, Acharya was heading the post of Deputy Managing Director at the company, JSW Steel said in a statement. "Based on the recommendations of the nomination and remuneration committee and the change in the role of Jayant Acharya, the board of directors has elevated and re-designated Jayant Acharya as the Jt. MD & CEO of the company w.e.f May 19, 2023, from his current position as Dy MD," it said. The company also announced the appointment of Gajraj Singh Rathore as additional director and whole-time director designated as Chief Operating Officer. "The Board has after taking into account the recommendations of the Nomination & Remuneration Committee, inducted Gajraj Singh Rathore as an Additional Director on the Board of Directors of the Company w.e.f May 19, 2023," it said.

JSW Steel Q4 profit rises 13% to Rs 3,664 cr on higher sales volume

Sequentially, revenue and net profit were higher by 20 per cent and 647.75 per cent, respectively

JSW Steel Q4 results: Consolidated net profit rises 13% to Rs 3,664 crore

The profit jumped as strong demand in the domestic market lifted steel consumption