Page 7 - Jsw Steel

Banks stare at Bhushan Power & Steel again after SC liquidation order

Lenders may need to reverse recoveries from JSW's resolution plan for Bhushan Power & Steel as Supreme Court orders liquidation, triggering fresh provisioning concerns

SC's JSW Steel decision a blow to insolvency process, say experts

The Supreme Court had invoked Section 142 of the Constitution to nullify the CoC decision

JSW Steel to decide next steps on Bhushan Steel after reviewing SC order

JSW Steel on Friday said it will review the Supreme Court order rejecting the company's resolution plan to take over Bhushan Steel and decide on future course of action. Earlier in the day, the Supreme Court set aside the resolution plan submitted by JSW Steel for Bhushan Steel and Power Ltd (BSPL), holding it illegal and in violation of the Insolvency and Bankruptcy Code (IBC). "We learnt that the Hon'ble Supreme Court pronounced Judgment today i.e 02-05-2025 rejecting the resolution plan submitted by the company and approved by NCLAT, on certain grounds. We are yet to receive the formal copy of the Order to understand the grounds for rejection in detail and its implications," the company said in a filing to the BSE. "Once we receive the order and are able to review the same along with our legal advisors, we will decide on our further course of action," the company added. The Supreme Court bench comprising Justice Bela M Trivedi and Justice Satish Chandra Sharma ordered the ...

SC scraps JSW Steel's Bhushan Power & Steel resolution, orders liquidation

Shares of JSW Steel fell 5% on Friday after the Supreme Court rejected its resolution plan, calling it 'illegal'

JSW Steel likely facing hurdles in coking coal imports from Mongolia

The company had aimed to import 2,500 metric tons from Mongolia, while the Steel Authority of India was looking to bring in 75,000 metric tons

JSW Steel up 4% after NGT clears alleged non-compliance case at Dolvi Plant

NGT has directed completion of the voluntary environment protection and restoration measures, being undertaken by the company through planation etc, and also by way of CSR activities, within a period

JSW Steel to invest ₹50,000 cr for 10 MTPA green steel for Europe

JSW Steel will be investing over Rs 50,000 crore to create 10 million tonnes per annum of green steel capacity at a plant near the country's financial capital, a top official said on Tuesday. "We will be investing Rs 50,000-60,000 crore for the green steel capacity," Jindal told reporters on the sidelines of an event here. He said this will be a brownfield investment at its plant in Raigad district's Salav and the investment will happen over the next three-four years. In March, the company had announced plans to increase the green steel capacity at Salav to 4 MTPA in phases. The investment is necessitated because of a European mandate on green steel, and Jindal said the 10 MTPA capacity will emit a fifth of the carbon as used by conventional plants currently. Jindal also said that China and Vietnam are trying to dump steel into India, and expected the "vigilant" Government to slap safeguard duties to protect domestic steel makers like his company in a few days. Denying notions of

Metal index jumps over 4%; Hindalco, JSW, Lloyds,Tata Steel rally up to 7%

The US government has suspended 26 per cent reciprocal tariffs for India till July 9, 2025; however, the base tariff of 10 per cent will continue to be enforced

JSL Super Steel signs a deal with Sunsure energy to cut carbon emissions

The company has signed an agreement with Sunsure Energy to get 11 megawatts of solar power for its plant in Uttar Pradesh

JSW Steel, Tata Steel log record Q4 FY25 output on capacity boost

During Q4FY25, Tata Steel's India deliveries at 5.6 million tonnes were up 3.3 per cent year-on-year from 5.42 million tonnes in Q4FY24

Why are metal stocks falling? Lloyds Metals, SAIL, HZL, Nalco dip up to 18%

Of the 15 stocks in the Nifty Metal Index, five stocks, including Hindustan Copper, Nalco, Hindalco, JSL, and NMDC, hit fresh 52-week lows

Delhi HC rejects JSW Steel, Trafigura plea to clear some met coke imports

India from January imposed curbs on imports of low-ash metallurgical coke, or met coke, with country-specific quotas to help domestic suppliers

JSW Infra closes pipeline biz purchase from JSW Utkal Steel for Rs 1,617 cr

JSW Infrastructure on Wednesday said it has completed the acquisition of slurry pipeline business from JSW Utkal Steel Ltd for around Rs 1,617 crore. In an exchange filing, the company said it has also entered into a long-term 'take-or-pay' agreement with JSW Steel Ltd for the transportation of iron ore slurry from Nuagaon mines to Jagatsinghpur. Take-or-pay is a contract, where the buyer has the obligation to either take delivery of goods or pay a specific penalty in case they fail to honour the contract. "The company executed the Business Transfer Agreement on March 25, 2025 completing the acquisition of slurry pipeline business form JSW Utkal Steel Ltd for a consideration of Rs 1,617 crores (subject to closing adjustments)," it said. Part of Sajjan Jindal-owned JSW Group, JSW Infrastructure is the second-largest private port operator in India, with a cargo handling capacity of 170 MTPA. JSW Utkal Steel is an arm of JSW Steel which is also a JSW Group company into manufacturing

JSW Steel becomes world's most valuable steelmaker with $30.3 bn mcap

A sharp focus on innovation, sustainability, and strategic investments has cemented JSW Steel's position at the forefront of the industry, say group officials

JSW Steel becomes world's most valuable steelmaker with $30.3 bn market cap

JSW Steel's stock has surged 18 per cent in 2025, making it one of the top performers on Nifty 50 index. With a market capitalisation of $30.31 billion, it leads its domestic & international peers

Piombino Steel to buy back 220 mn shares from JSW Steel for Rs 1,676 cr

JSW Steel on Tuesday said it will sell over 22 crore shares in its subsidiary Piombino Steel Limited (PSL) under the proposed buy-back offer for Rs 1,676.45 crore. It holds 508 crore equity shares in PSL, constituting 83.28 per cent of the total equity shareholding of PSL, JSW Steel said. The Board of Directors has approved tendering of 22,26,36,000 equity shares held in PSL, under the proposed buy-back offer at a price of Rs 75.30 per equity share. This move will help company further strengthen its balance sheet, JSW Steel said. The buyback has also been approved by the board of PSL to buyback the said number of shares from parent JSW Steel at a price of Rs 75.30 per share aggregating to a total consideration not exceeding Rs 1,676.45 crores, subject to approval of the shareholders of PSL, it added.

Metal stocks shine: HZL, SAIL, JSW Steel rally up to 10% on safeguard duty

Metal stock rally: The Nifty Metal index rose as much as 1.67 per cent to hit an intraday high of 9,185.20.

ArcelorMittal Nippon sues India over raw material import as fight escalates

ArcelorMittal Nippon has already warned New Delhi privately that it may have to severely curtail steelmaking and delay any expansions due to the curbs

Bajaj twins, Maruti, 13 others outrun Sensex, Nifty in 2025; do you own?

15 Sensex stocks and 9 Nifty stocks outperformed the benchmark indices, so far in 2025, as they surged up to 23 per cent

Nomura bullish on Indian steel industry; maintains 'Buy' on JSW Steel, JSPL

Nomura has set a target price of Rs 1,220 and Rs 1,080 for JSW Steel and JSPL, respectively.