Page 9 - Jsw Steel

JSW Steel, SAIL in discussions with Mongolia for coking coal shipments

JSW Steel, the country's biggest steelmaker by capacity, plans to buy 2,500 metric tons, while SAIL aims to import 75,000 metric tons of the steelmaking raw material from Mongolia

Zomato shares rise over 7% on Sensex entry, replacing JSW Steel

Zomato's Sensex entry follows the stock's inclusion in the futures and options (F&O) segment. Zomato is also expected to be added to several other indices

Zomato to become part of BSE Sensex, replacing JSW Steel from December 23

Zomato's inclusion in the 30-stock index marks a significant milestone for the company, which has seen an impressive rally over the past year

Stocks to watch, Nov 21: Adani Group stocks, Cipla, UPL, BoB, Tata Tech

Here is a list of stocks that will be in focus from Adani Group stocks to Tata Power

India studying temporary tax plea on China steel imports: JSW Group chief

Indian steel mills have been grappling with a higher influx of Chinese steel imports, hitting domestic prices and denting companies' earnings

JSW Steel emerges preferred bidder for Codli mineral block XII in Goa

JSW Steel on Tuesday said it has been declared as the preferred bidder for Codli Mineral Block XII at Dharbandora in Goa. The company has received a communication from the Office of the Director, Directorate of Mines & Geology, Government of Goa, JSW Steel said in an exchange filing. "The company is declared as 'Preferred Bidder' with highest final offer price at 92.60 per cent of the value of mineral dispatched, it said. The projected iron ore resources are 48.5 million tonnes in addition to 2.7 million tonnes of ore in dumps, JSW Steel said. The company will take all requisite steps to obtain Letter of Intent and statutory clearances to execute the lease deed with Mine Development and Production Agreement (MDPA) and start the mining operations. In a separate filing, JSW Steel said its Italian arm JSW Steel Italy SrL has signed a commercial agreement with Metinvest Adria S.p.A "As per the agreement, Metinvest is obliged to pay a release fee of Euro 30 million to JSW Steel Italy

JSW Steel, Posco plans to invest $7.7 billion in Odisha steel plant

Last week, JSW Steel and Posco signed an agreement to set up an integrated steel plant with an initial capacity of 5 million metric tons a year

JSW-POSCO to set up greenfield steel plant in Odisha's Keonjhar: CM Majhi

Odisha Chief Minister Mohan Charan Majhi on Friday said that India's fastest growing conglomerate JSW Group and South Korean steel major POSCO will jointly set up a greenfield steel facility in his home district of Keonjhar. Majhi revealed this amid nationwide speculation over the exact location of the JSW-POSCO joint venture. "During our roadshows for the ensuing Make-in Odisha conclave in Delhi and Mumbai, I had discussed with both JSW and POSCO regarding the establishment of a steel plant in Odisha's mineral-rich Keonjhar district," Majhi, who is on a two-day visit to Keonjhar for celebrating Diwali, told reporters. "Meanwhile, they have signed an MoU. They will do it jointly. They have also mentioned doing it in Keonjhar district. It is under process and Odisha will get another steel plant," the chief minister said. The two steel makers on October 29 signed an MoU at JSW Group's corporate headquarters in Mumbai, in the presence of JSW Group Chairman Sajjan Jindal and POSCO ...

JSW Group, Korea's POSCO announce deal to set up steel plant in India

Joint venture will collaborate in renewable energy, battery materials for electric vehicles

JSW Group, Korea's Posco partner to develop integrated steel plant in India

JSW Group and South Korea's Posco Group will also be exploring joint ventures in production and manufacturing within the electric vehicle sector

Our capacities are just in time to meet growing demand: JSW Steel's Acharya

He tells that short-term challenges will not be a direction for its overall expansion in the medium to long term

JSW Steel Q2FY25 results: Net profit slumps 84% on lower sales realisation

Sequentially, profit down by 48% and revenue by 7.6%

JSW Steel Q2 results: Net profit plunges over 85% to Rs 404 crore

Steelmaker JSW Steel on Friday reported a steep fall of 85.43 per cent in its consolidated net profit at Rs 404 crore in the July-September quarter of the current fiscal, affected by lower income. The company had posted a net profit of Rs 2,773 crore in the second quarter of the last financial year. The total income decreased to Rs 39,837 crore in the second quarter of the current fiscal as against Rs 44,821 crore a year ago, JSW Steel said in a regulatory filing. JSW Steel's expenses were lower at Rs 38,644 crore in the quarter under review against Rs 40,801 crore in the year-ago quarter.

Stocks to Watch, October 25: JSW Steel, NTPC, ICICI Bk, BoB, Axis Bank, IEX

At 7:28 AM, GIFT Nifty indicated a flat opening as it was trading about 3.5 points lower at 24448.50 levels, as against Nifty Futures last close of 24,452.

JSW Steel Q2 Preview: PAT likely to fall 96% YoY; volumes, realisation eyed

Analysts noted that Q2 is typically weaker than Q1 in terms of volumes and prices due to seasonal factors like the monsoon and maintenance shutdowns.

JSW Steel, ACC, NMDC among 31 bidders in 10th commercial coal mine auction

JSW Steel, JSW Energy, ACC Ltd, NMDC Ltd, NTPC Mining Ltd and Jindal Steel and Power Ltd (JSPL) are among the 31 companies which have submitted bids for the tenth round of commercial coal mine auction. "A total of 31 companies have submitted their bids in the auction process," the coal ministry said in a statement. More than 10 new companies have participated for the first time under commercial coal mine auction. A total of 67 coal blocks were put up for sale in June under the tenth round of commercial mines auction. The government has received 44 bids for the 67 coal mines, the statement said. "The bids will be evaluated by a multi-disciplinary technical evaluation committee and technically qualified bidders will be shortlisted for participation in the electronic auction, to be conducted on MSTC portal," it added.

JSW Steel-JFE JV to buy thyssenkrupp Electrical Steel India for Rs 4,051 cr

The transaction is being undertaken by Jsquare, a wholly owned subsidiary of JSW JFE Electrical Steel Private Limited (J2ES)

JSW Steel partners with BHP, Carbon Clean to work on capture technology

JSW Steel on Thursday said it has signed a pact with BHP and Carbon Clean to accelerate the deployment of carbon capture technology in the steelmaking process. India's steel sector accounts for 12 per cent of India's greenhouse gas emissions, with an emission intensity of 2.5 tonnes of CO2 per tonne of crude steel compared to the global average of 1.9 tonnes of CO2 per tonne of crude steel, as per official estimates. "JSW Steel, BHP and Carbon Clean are collaborating to accelerate deployment of carbon capture technology for steelmaking decarbonisation. "Under the agreement, the parties will commence joint studies to explore the feasibility of Carbon Clean's CycloneCC modular technology to capture up to 1 lakh tonne per year of CO2 emissions," JSW Steel said in a statement. There are several challenges with the adoption of carbon capture technology in the steel industry, including capital expenditure and ongoing operating costs, as well as the integration of new equipment into an ..

Birla's Hindalco, Jindal's JSW Steel in race for copper mines in Jharkhand

Aditya Birla Group firm Hindalco Industries and Sajjan Jindal-led JSW Steel are in the race for two copper mines in Jharkhand which will be put on sale this month, sources said. Both mines have a combined capacity of three million tonne per annum. Hindalco Industries and JSW Steel will be vying for state-owned Hindustan Copper Ltd's two copper mines in Jharkhand, sources said. The auction of both the mines is likely to take place in the month of October. While one of these blocks is virgin, the other one is closed for the past 20 years. Hindustan Copper had earlier invited applications for appointment of mine developer-cum-operator (MDO) for re-opening and expansion of Rakha Copper Mine and development and operations of underground Mine at Chapri. Hindustan Copper had said in its recent report that Rakha Mining Lease expired in 2021 and extension of mining lease period is under progress with the Jharkhand government. Further, the application for grant of stage one forest clearanc

JSW Steel hit all-time high, JSPL gains 3% after Nomura initiates 'Buy'

Nomura reckons JSW Steel's and JSPL's mid-cycle earnings have structurally improved due to stronger domestic demand, cost saving measures, and improved efficiency