Page 33 - Jsw Steel

In the big league

JSW Steel CMD Sajjan Jindal has built the country's largest steel company, overcoming several problems in the past 25 years

JSW Steel's crude steel output surges 2% to 1.39 MT during November

JSW Steel is a part of the diversified $13 billion JSW Group

JSW Steel lone stock that's set to end in green among metal indices

Metal stocks in India are feeling unloved by investors, with one exception: the country's top steelmaker JSW Steel

Raw material prices may hit margins, says JSW Steel's Seshagiri Rao

India requires eight to nine mt (more) every year. The capacities that are coming up might not be sufficient to meet this growing demand, says Rao

JSW Steel submits EOI for stressed asset Asian Colour Coated Ispat

Apart from Asian Colour Coated, JSW has also submitted EOI for Uttam Value Steels which too is on the RBI's second list of NPAs

JSW Steel plans to increase manufacturing capacity up to 45 mtpa by 2030

JSW Steel is the largest producer of steel in India

JSW Steel's crude steel output grows 7.7% to 1.4 mn tonne in October

The Sajjan Jindal-led company had produced 13.43 LT crude steel in October 2017

JSW Steel to invest $150 mn in first tranche for greenfield Texas plant

The plant is expected to be completed by March 2020

JSW Steel: Ahead of estimates in Q2 despite cost pressures; stock up 0.4%

Expansions, acquisitions and backward integration to drive future earnings

JSW Steel Q2 net profit up almost 3-fold to Rs 20.87 bn, beats expectations

Increased volume sales, better realisation lend strong support to bottomline

JSW Steel beats forecast, net jumps 153% to Rs 22.8 bn in Sep quarter

Its total consolidated revenue from operations in the quarter under review was Rs 215.52 billion, compared with Rs 172.40 billion in the same quarter last year

JSW Steel buys 60% share capital in DMMPL in a Rs 1.09-bn all-cash deal

After the acquisition, DMMPL has become a wholly owned subsidiary of JSW Steel, which along with its nominees now holds 100 per cent of the issued and paid-up equity share capital

With eye on Bhushan Power, JSW Steel may raise funds via rights

'JSW Steel is exploring differentiated financing options, including joint control model, to fund its acquisition of stressed assets of Bhushan Power and Steel'

JSW Steel emerges as preferred bidder for iron ore mine in Karnataka

The government is looking to put on block over 100 mines in the next six months, according to the ministry

JSW Steel explores options to fund acquisition of Bhushan Power, Essar

Under the joint control model, a special purpose vehicle (SPV) will be set up and the acquired stressed assets will rest with the SPV

JSW Steel output up 6% to 4.18 mn tonnes in Sep quarter; shares slump 4%

JSW Steel is a leading integrated steel company in India with an installed steel-making capacity of 18 MTPA

JSW Steel aims to begin work on Odisha's 12 mn tonne steel plant in 2019-20

JSW Steel has pledged Rs 550 billion investment on the mega steel plant and attendant infrastructure - a captive power plant, a slurry pipeline and pellet unit

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