Page 15 - Jsw Steel

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

ArcelorMittal, JSW in NMDC steel plant race; JSPL also in the fray

Steel company shares to be listed on Monday

Jagan lays foundation stone for Rs 8,800 crore JSW steel plant in AP

Andhra Pradesh Chief Minister YS Jagan Mohan Reddy on Wednesday laid the foundation stone for JSW Group's proposed steel plant at Sunnapurallapalle village in YSR Kadapa district. In the first phase, JSW steel will invest Rs 3,300 crore in the proposed plant and one million tonnes of steel per annum will be produced during the first year. The facility will be upgraded to two million tonnes per year in the second phase and will eventually reach three million tonnes capacity per annum. The total investment for all the three phases would be Rs 8800 crore, AP CM noted. Once the steel plant is set up, there will be an ecosystem developed with several ancillary units. Once the ecosystem is created, then the entire area would be transformed into a Steel City, Jagan said after laying the foundation stone. The CM said all necessary infrastructure such as road, power and water supply will be provided at an outlay of Rs 700 crore, to the plant. Jagan expressed hope that the steel plant would

ITC, RIL, ICICI Bank help lift Sensex 600 pts higher, Nifty above 17,900

CLOSING BELL: Sensex and Nifty indices snapped their 2-day losing run, ralling on Tuesday as supportive global cues, ease in WPI inflation, and healthy buying in heavyweights lifted sentiment.

Stocks to watch: Adani Enterprises, ONGC, Nykaa, IRB Infra, Castrol India

Stocks to watch today: Adani Enterprises, ONGC, Coal India, Siemens, Grasim Industries, Eicher Motors, among others will report the October-December (Q3FY23) quarter results

JSW Steel crude steel output surges 15% to 1.89 mn tonnes in January

JSW Steel on Monday reported a 15 per cent rise in crude steel production at 18.91 lakh tonnes in January. The company's crude steel production was at 16.46 lakh tonnes (LT) in January 2022, JSW Steel said in a regulatory filing. "JSW Steel reported highest-ever standalone crude steel production for the month of January, 2023 at 18.91 lakh tonnes, a growth of 15 per cent y-o-y on standalone basis," the filing said. The production of its flat-rolled products increased by 14 per cent to 14.24 LT over 12.47 LT in January 2022. Its output of long-rolled products also registered a growth of 14 per cent to 4.25 LT, as against 3.74 LT in January 2022. The overall capacity utilisation was higher at 99 per cent in January 2023 from 96 per cent in December 2022. JSW Steel is the flagship business of the diversified USD 22 billion JSW Group which also has business interests in sectors such as energy, infrastructure, cement, paints, sports and venture capital.

JSW Steel plans Rs 20,000-crore capex in FY24 for capacity expansion: Rao

The expansion would take JSW Steel's capacity to around 38 mt

Marginal growth in demand expected in 2023: JSW Steel's Seshagiri Rao

The world economy is not growing in a robust manner so I don't expect a big turnaround in steel demand as seen in 2021, says Rao

JSW Steel sees exports at more than 10% of 2022-23 sales, says official

His comments come after JSW, India's largest steelmaker by capacity, on Friday reported an 89% fall in profits for the quarter ended Dec. 31, hurt by a 56% slump in exports

JSW Steel Q3 net profit falls over 85% to Rs 474 crore on higher expenses

Expenses were also higher at Rs 38,288 crore as against Rs 31,986 crore