Page 7 - Jsw

JSW USA to raise $145 mn loan for capex Moody's affirms stable ratings

Company's reliance on long-term external financing will be critical, says agency

JSW Steel reports 11% rise in consolidated crude steel production in Nov

JSW's consolidated crude steel production was at 1.94 MT in the same month last year

JSW Steel completes Rs 750 cr investment in JSW Paints to fuel expansion

JSW Steel on Thursday said it has completed the Rs 750 crore investment in JSW Paints Pvt Ltd (JSW Paints). Like JSW Steel, JSW Paints is a group company of Sajjan Jindal-owned JSW Group. In a regulatory filing, JSW Steel said it has completed the last tranche of investment of around Rs 75 crore in JSW Paints on Wednesday. "With the last tranche of investment of Rs 74,99,99,903, the company has completed making the entire investment of Rs 750,00,00,000 in JSW Paints and has been intimated by JSW Paints today that it has on November 22, 2023, completed the allotment in respect of the aforesaid strategic investment," the filing said. Post this allotment, the company holds 2,94,82,565 equity shares in JSW Paints, representing 12.84 per cent of the issued and paid-up equity capital of JSW Paints (11.85 per cent on a fully diluted basis). On July 23, 2021, the JSW Steel board approved to make a strategic investment of Rs 750 crore in JSW Paints in 3-4 tranches between between FY 2021-2

Manipal Group invests in Purplle with secondary purchase from JSW Ventures

With this transaction, JSW Ventures has fully exited its stake in Purplle from Fund I and has returned 2.7 times the fund size to its investors so far

JSW Steel declared preferred bidder for Karnataka's iron ore mine

JSW Steel on Wednesday said it has emerged as the preferred bidder for the Jaisinghpura North Block iron ore mine in Karnataka. JSW Steel has received a communication from the Karnataka government in this regard, the company informed the exchanges. "The Company has been declared as a preferred bidder vide communication dated October 11, 2023, received from the Office of the Director, Department of Mines and Geology, Government of Karnataka, for Jaisinghpura North Block, in the Auction held on August 2, 2023," the filing said. The highest final offer price by the company to become a "Preferred Bidder" is 150.3 per cent of the value of the mineral dispatched. The projected iron ore resource is 17.66 in MMT (metric million tonnes). The company will take all requisite steps as per the tender document to obtain a letter of intent, and all statutory clearances to execute the Lease Deed with Mine Development and Production Agreement (MDPA), and start the mining operations. Part of JSW Gr

JSW Infrastructure shares jump over 32% to settle at Rs 157 in debut trade

Shares of JSW Infrastructure, a part of JSW Group, on Tuesday made a remarkable market debut and ended with a premium of over 32 per cent against the issue price of Rs 119. The stock made its debut at Rs 143, registering a jump of 20.16 per cent from the issue price on the BSE. It rallied 32.18 per cent to settle at Rs 157.30. At the NSE, it listed at Rs 143. Shares of the company ended at Rs 157.30 apiece, climbing 32.18 per cent. The company commanded a market valuation of Rs 33,033.02 crore. In traded volume terms, 57.99 lakh shares of the company were traded at the BSE and over 12.21 crore shares at the NSE during the day. In the equity market, the 30-share BSE Sensex declined 316.31 points or 0.48 per cent to settle at 65,512.10. The Nifty fell 109.55 points or 0.56 per cent to end at 19,528.75. The Initial Public Offering (IPO) of JSW Infrastructure was subscribed 37.37 times on the last day of bidding on Wednesday. The Rs 2,800-crore IPO had a price range of Rs 113-119 pe

JSW Infrastructure has huge potential to grow its business: Sajjan Jindal

Commercial ports operator JSW Infrastructure, which got listed on the bourses on Tuesday, said it has a huge potential to grow its business and aims to become a global company, JSW Group Chairman Sajjan Jindal has said. Speaking at the listing event, Jindal cited the example of Singapore and said that it is a City-State and handles more cargo than all of India. "We can also create such ports which handle not just our own cargo but also of the countries around us," he said. "We cannot think only India centric, we have to think global and we have to really build ourselves as a global company. So we have to really think at those levels," he said. Jindal further said that India has a large coastline and logistics cost in the country is among the highest in the world. "The cost of transporting goods in India is the highest, So JSW Infra has a huge potential to grow its business to create what the government has created, CONCOR," Jindal said. A Public Sector Undertaking, CONCOR (Contain

Digikore Studios subscribed 282x, JSW Infra subscribed 37.37x on last day

The Rs 30-crore initial public offering (IPO) of Digikore Studios (on the National Sto­ck Exchange's SME platform) garn­ered 282 times subscription, attracting bids worth Rs 5,407 crore

Digikore Studios subscribed 282x, JSW Infra subscribed 37.37x on last day

The Rs 30-crore initial public offering (IPO) of Digikore Studios (on the National Sto­ck Exchange's SME platform) garn­ered 282 times subscription, attracting bids worth Rs 5,407 crore

Sebi extends deadline demat a/c nomination; SBI MF promotes DP Singh

In March, the regulator had extended the deadline from March 31 to September 30

JSW Infra IPO subscribed 43%; SME stocks to come under surveillance

Updater Services IPO subscribed 6 per cent on day 1

Brokerages recommend JSW Infra IPO, cite firm's govt contracts among risks

Sajjan Jindal company is the third listing by the JSW Group and it comes after a gap of 13 years

Street signs: Nifty at crucial juncture, JSW Infra's port of call, and more

The index most recently closed at 19,674, a level deemed crucial by technical analysts

JSW, Tata, Adani make a beeline to meet industrial green energy needs

The C&I sector accounts for approximately 40-45 per cent of total energy demand in India

Building a war chest essential for continued expansion: JSW Infra CEO

"If the sector and location are favourable, and a growth opportunity exists, we do not mind putting a tick in the box"

JSW Infra's IPO to open on Sept 25, comprises fresh issue of Rs 2,800 cr

JSW Infrastructure's issue will conclude on September 27, while the bidding for the anchor investors will open on September 22, according to the Red Herring Prospectus

JSW Infra's IPO to open on Sept 25, comprises fresh issue of Rs 2,800 cr

JSW Infrastructure's issue will conclude on September 27, while the bidding for the anchor investors will open on September 22, according to the Red Herring Prospectus

Private equity firms TPG, Tepco, Brookfield in talks for JSW Neo stake

JSW Energy had earlier announced that it would be shifting its hydro energy projects into subsidiaries under JSW Neo Energy

Weekend Bites: Beleaguered tycoon, GDP, Ambani children, and Wonderlust

In which we munch over the week's platter of news and views

JSW to invest Rs 18,000 crore to expand cement business: Parth Jindal

We have now made a roadmap to scale-up our capacity by three times to 60 million tonnes over the next five years