Page 14 - Jsw Steel

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

Sensex ends 298 pts up, Nifty reclaims 18,200 led by Adani, auto, IT stocks

Stock Market Live on May 19, 2023: NTPC, Power Grid, Punjab National Bank, JSW Steel, Zomato, Glenmark Pharma and Delhivery will be on the radar ahead of their Q4 nos

JSW Steel crude steel production grows 7% YoY to 1.7 MT in April

JSW Steel on Wednesday posted a 7 per cent growth in crude steel production on standalone basis at 17.77 lakh tonne (LT) in April 2023. The company had produced 16.67 LT steel during the same month last year, JSW Steel said in a statement. In April 2023, the company said the production of its flat-rolled products rose 16 per cent to 13.92 LT from 12 LT a year ago. However, its long-rolled products output fell 9 per cent to 3.21 LT from 3.54 LT in April 2022. "Production of rolled long-products is lower due to planned capital shutdowns taken at Salem and Vijayanagar plant locations during April 2023," it said. JSW Steel is among top six steel manufacturing companies in India.

Fitch says outlook for Tata Steel positive, stable for JSW Steel

Rating for companies based on their EBITDA growth and improved finances

Stocks to Watch on May 10: L&T, SpiceJet, SCI, Apollo Tyres, Tata Steel

Stocks to Watch today: In a major blow, lessors have approached aviation regulator DGCA for deregistration of three planes of SpiceJet

JSW Steel to consider raising of long-term funds; board meeting on 19 May

The board will also consider the recommendation of payment of dividends on the equity shares

JSW Steel to invest $145 mn to upgrade manufacturing operations in US

New projects are expected to be commissioned in FY26, says subsidiary of Indian steel giant

JSW Steel to invest $145 mn to upgrade operations in USA manufacturing

JSW Steel USA Ohio Inc, an offshore arm of homegrown JSW Steel, will invest USD 145 million to upgrade its manufacturing operations at Mingo Junction, in Ohio. On the objective behind the move, JSW Steel USA Ohio said it aims to meet the demand for quality steel products that are melted and manufactured in the US. "JSW Steel USA to invest USD 145 million in new projects to upgrade its manufacturing operations in Mingo Junction, Ohio. This is in alignment with President (Joe) Biden Administration's Buy America policies," the company said in a statement. Parth Jindal, Director of JSW Steel USA said, these new investments reiterate JSW's commitment to a sustainable and green future. The operational upgrades being made in the US are a progressive step towards achieving the company's long-term Environmental, Social and Governance (ESG) goals. "These investments & projects will help us in producing high quality 'melted and manufactured in USA' steel products required by our customers in

India's JSW Steel plans to sell specialty steel to Russia: Company source

India's JSW Steel plans to sell specialty steel products to Russia this year, a senior company official told Reuters on Wednesday

Metal shares gain in subdued market; Jindal Steel, Tata Steel soar up to 4%

Thus far in the month of April, Jindal Steel has rallied 8 per cent, as against 1.6 per cent rise in the Nifty 50 and 5.7 per cent gain in the Nifty Metal index.

Stocks to watch: JSW Steel, Cipla, Zydus Life, Kaveri Seed, Kalpataru Power

Stocks to watch today: From Cipla to Zydus Lifesciences, here are top stocks to watch in Tuesday's trading session

JSW Steel Q4 consolidated crude steel output rises 13% to 6.58 MT

JSW Steel on Monday posted a 13 per cent growth in its consolidated crude steel production at 6.58 million tonne (MT) during the fourth quarter of FY23. The company had produced 5.81 MT crude steel from operations in India and the US in the year-ago period, JSW Steel said in a statement. For the whole 2022-23 fiscal, the company's crude steel production was at 24.15 MT, up 24 per cent, from 19.51 MT in FY22. The consolidated crude steel production in FY23 was the highest, JSW Steel said. "While the company achieved 100 per cent of its guidance for consolidated Indian operations, production volumes at JISPL (JSW Ispat Special Products Ltd) and JSW Steel USA - Ohio were impacted due to shutdowns and subdued market conditions for part of the year," it said. Part of USD 22 billion JSW Group, JSW Steel is among India's top six steel making companies.

Seshagiri Rao retires, steps down from JSW Steel board after 24 years

Rao superannuated from the services of the company and consequently stepped down from the board, the company said

Steelmakers press for higher auto contract prices after three quarters

Spot steel prices have been rising both globally and at home since December; a hike of over 12% in the domestic market would have been the basis of negotiations for the upcoming contracts