Page 26 - Jsw Steel
From JSW to SAIL, major steel companies' stocks show strong upside
Brokerages bullish on improving cycle and higher prices
 "From JSW to SAIL, major steel companies' stocks show strong upside")
Shares of JSW Steel gain 5% after completion of Bhushan Power deal
Shares of JSW Steel on Tuesday gained 5 per cent after the company said it has paid Rs 19,350 crore to the financial creditors of Bhushan Power & Steel Ltd towards the implementation of resolution plan for acquiring the firm. The stock jumped 5.08 per cent to close at Rs 467.55 on BSE. During the day, it gained 5.62 per cent to Rs 470. On NSE, it rose by 4.99 per cent to settle at Rs 467.45. With the move, JSW Steel has closed the acquisition of Bhushan Power & Steel Ltd (BPSL). "Pursuant to the implementation of resolution plan, the inter-alia included payment of Rs 19,350 crore to the financial creditors of BPSL and merger of SPV with BPSL, PSL (Piombino Steel Ltd) holds 100 per cent equity shares in BPSL," JSW Steel had said in a BSE filing on Friday. Markets were closed on Monday for Holi.
 "Shares of JSW Steel gain 5% after completion of Bhushan Power deal")
Vedanta, Tata Steel: Steel stocks are showing strong upside. Stay invested
The Nifty Metal index is expected to enter the territory of 4,100 after surpassing the resistance of 3,950-mark decisively
 "Vedanta, Tata Steel: Steel stocks are showing strong upside. Stay invested")
Stocks to watch: Nazara Tech, DRL, Adani Transmission, JSW Steel, Biocon
Pharma major Dr Reddy's Laboratories (DRL) expects the Russian coronavirus vaccine Sputnik V to get approval from the Indian regulator in the next few weeks, a company official has said
 "Stocks to watch: Nazara Tech, DRL, Adani Transmission, JSW Steel, Biocon")
After acquiring Bhushan Power, JSW Steel eyes Neelachal Ispat
NINL is jointly owned by Central and state PSUs with MMTC, IPICOL, NMDC, OMC, as major shareholders
 "After acquiring Bhushan Power, JSW Steel eyes Neelachal Ispat")
JSW Steel pays Rs 19,350 cr to financial creditors of Bhushan Power & Steel
Lenders would stand to realise 41% on claims of Rs 47,157.99 cr
 "JSW Steel pays Rs 19,350 cr to financial creditors of Bhushan Power & Steel")
Steel rising in the east: JSW, AM/NS India waiting to set foot in Odisha
Two steel majors will be expanding their presence in the iron ore-rich region just as global raw material prices touch new highs
 "Steel rising in the east: JSW, AM/NS India waiting to set foot in Odisha")
JSW Steel crude steel production at 1.3 mn tn in Feb, down 1% from last yr
JSW Steel reported crude steel production of 1.3 million tonnes in February, down by 1 per cent from 1.32 million tonnes in the same month of previous year
 "JSW Steel crude steel production at 1.3 mn tn in Feb, down 1% from last yr")
Three seasons and a washout as the Bhushan Power resolution dragged
BPSL was admitted for resolution under IBC in July 2017. On Friday, it came nearer to resolution with majority of lenders voting in favour of JSW Steel's proposal to close the process
 "Three seasons and a washout as the Bhushan Power resolution dragged")
Top headlines: Blackstone-Sify deal, Wipro's Capco deal, and more
Business Standard brings you top news of the day
 "Top headlines: Blackstone-Sify deal, Wipro's Capco deal, and more")
Bhushan Power lenders accept JSW Steel plan, look to close deal by March 31
25 financial creditors would be realising 41% from the Rs 19,350 cr deal on claims of Rs 47,158 cr
 "Bhushan Power lenders accept JSW Steel plan, look to close deal by March 31")
After rally, steel and iron ore on course correction led by higher supplies
Price correction started mid Jan, with secondary producers dropping drop long product prices by Rs 7,000-8,000 a tonne; primary producers followed in Feb, pruning by Rs 2,000-3,500
 "After rally, steel and iron ore on course correction led by higher supplies")
Domestic iron ore supplies may take time to ease
JSW Steel, AM/NS hold the key to iron ore supply woes
JSW crude steel output increases 2% to 14.32 LT in January
Steel maker JSW Steel has registered a rise of about 2 per cent in its crude steel output to 14.32 lakh tonne (LT) during January
JSW Steel to raise $1 bn via dollar bonds for Bhushan acquisition, capex
Source says talks with firm are currently focused on structure of offering and seeking necessary approvals from RBI. Issue will be launched as early as this month
 "JSW Steel to raise $1 bn via dollar bonds for Bhushan acquisition, capex")
Top headlines: PM blasts 'foreign interference', SA puts vaccine on hold
Business Standard brings you top news of the evening
 "Top headlines: PM blasts 'foreign interference', SA puts vaccine on hold")
Ports, roads, steel: 5 companies step up investments as economy recovers
India is focusing on improving its infra as the economy recovers after the coronavirus pandemic. A look at at what Tata Group, L&T, Adani Ports, Ultratech Cement, and JSW Steel plan to do
 "Ports, roads, steel: 5 companies step up investments as economy recovers")
JSW Steel approaches auto companies for a hike in contract prices
Steel maker's move comes in the wake of widening gap between spot and contract prices, with major surge post October
Prices in India haven't gone up to global level: Seshagiri Rao of JSW Steel
In a Q&A, the firm's Jt MD and CFO says he does not see the govt taking any action on steel import duties, based on 'wild allegations' made on price hikes
 "Prices in India haven't gone up to global level: Seshagiri Rao of JSW Steel")
JSW Steel reports 14x spike in Q3 consolidated net profit at Rs 2,669 cr
Company plans commissioning multiple projects in Q4