Page 32 - Jsw Steel

JSW Steel has strong financials, enough headroom to expand: Seshagiri Rao

JSW Steel has very strong financials and substantial cash generation, says Seshgiri Rao

JSW Steel and promoters acquire around 88% in Monnet Ispat and Energy

JSW Steel and its promoters have acquired around 88 per cent stake in the Monnet Ispat and Energy Ltd (MIEL) following completion of the insolvency resolution proceedings, MIEL said Tuesday. The National Company Law Tribunal (NCLT) had earlier approved a Rs 2,875-crore bid by a consortium of Aion Investments and JSW Steel to acquire the bankrupt Monnet Ispat & Energy, which owes over Rs 11,000 crore to a clutch of lenders. The Aion-JSW consortium was the sole bidder for the 1.5-million-tonne asset in Chhattisgrah. According to a filing by MIEL, JSW Steel Ltd, Crexient Special Steel Ltd, JTPM Atsali Ltd, AION Investments Private II Limited and JSW Techno Projects Management Ltd have been allotted around 87.52 crore equity shares and compulsorily convertible preference shares representing 87.91 per cent shareholding of the company. MIEL had recently said the insolvency resolution plan approved by NCLT was completed under which JSW Steel provided a working capital advance of Rs 125 .

JSW Steel to reduce import of iron ore from other states into Karnataka

The main drivers are the company's captive mines in the state coming on stream and a partial correction in the NMDC price

Project pipeline and demand to drive JSW Steel growth; stock gains

Backward integration, brownfield expansions and buys will improve topline, margins

JSW Steel to expand Vijayanagar plant capacity by 38% to 18 mtpa

The company is planning to spend around Rs 430 billion in the next three years in these expansions, besides downstream facilities.

JSW Steel once again becomes largest buyer of NMDC iron ore in Karnataka

The steel producer had curtailed its off take from the state-owned miner due to quality issues

JSW Steel hits new high; market-cap nears Rs 1-trillion

The stock hit a new high of Rs 409, up 2%, extending its Wednesday's 9% surged on the National Stock Exchange , after the announcement of its entry in Nifty 50 index from September 28.

JSW Steel hits 52-week high after being included in the Nifty 50 index

At 11:54 am, JSW Steel was trading at Rs 391.85, up 7% on the NSE. In comparison, the benchmark Nifty 50 index was at 11,728, down 0.1%.

JSW Steel to replace pharma firm Lupin in Nifty 50 from September 28

The inclusion of JSW Steel is expected to boost the steelmaker's stock, given that several exchange-traded funds (ETFs) track the Nifty index

Insolvency process: Sajjan Jindal's JSW makes top bid for Bhushan Power

JSW's revised offer stands at Rs 193.5 billion in the second round of bidding, up from Rs 110 billion

JSW begins integration of Aferpi specialised steel plant in Italy

JSW Steel through its wholly-owned subsidiary in Italy acquired 100 per cent stake in Aferpi for Euro 55 million

Sajjan Jindal's JSW Steel revises offer for Bhushan Power to Rs 180 billion

Sources close to the development said the CoC on Friday gave time to the bidders to revise their offers by 9 am on July 31

JSW Steel beats estimate; April-June consolidated net profit at Rs 23.39 bn

Increased volumes, better realisations in both overseas and domestic market lend strong support to bottom line

JSW Steel aims to turn around insolvent Monnet Ispat in a year

Monnet Ispat will merge with the parent "to sell products under JSW brand"

JSW Steel gears up for next phase of growth, plans to raise Rs 250 bn

JSW is also investing in iron ore and coking coal mines, as part of a de-risking strategy

JSW Steel tweaks acquisition strategy, to acquire smaller plants: Executive

JSW Steel, India's biggest steelmaker in terms of domestic capacity, failed to outbid rival Tata Steel in March for bankrupt steelmaker Bhushan Steel

JSW Steel wants to have 10 mt global footprint, says Seshagiri Rao

Caution is necessary while bidding (for stressed assets). We will be looking at the cycle average rather than looking at the current situation, said Rao

JSW Steel to invest Rs 75 bn in Karnataka to expand Vijayanagar facility

JSW Vijayanagar Works is the largest single location steel manufacturing unit in India

JSW Steel plans to invest up to $500 million in Acero Junction

The integrated steel-making unit in Ohio was acquired as part of the recently concluded Acero Junction Holdings deal

JSW Steel to invest up to $500 mn to acquire, upgrade Acero Junction Inc

Acero Junction Inc, an integrated steel manufacturing unit with a potential capacity of 3 million tonne per annum, is located in Ohio