Page 9 - Jsw

JSW Ports repays Rs 862 cr; to be net debt-free in 2-3 yrs: CFO JSW Infra

The second-largest private sector port operator JSW Ports, which has completed capacity expansion at an investment of Rs 4,000-crore, eyes to be a net-debt-free company over the next two-three years having already pared Rs 862 crore so far this fiscal. The company financed the repayments of higher-cost rupee loans from a consortium of lenders, which were priced at 9.5 per cent, partly with internal accruals and the rest from the USD 400-million overseas bond issuance in February this year, Lalit Singhvi, the chief financial officer and a director at JSW Infrastructure, the fully-owned arm of the Sajjan Jindal-run JSW Group and the holding company of the ports business, told PTI on Friday. After paying back Rs 862 crore of debt, he said, the company will have on its book a net debt of Rs 2,700 crore and gross debt of Rs 4,200 crore. With this JSW Ports has already repaid over Rs 2,800 crore in the past few years. The rupee debt was from a consortium of banks comprising Axis Bank, ...

'Not substantiated': CCI drops JSW Paints' plea against Asian Paints

JSW Paints also told CCI that Asian Paints allegedly also pressurised enterprises that provided infrastructure facilities like warehouses to JSW Paints to not stock products of JSW Paints

JSW sets ambitious goals for e-commerce business, eyes $20-bn GMV by FY32

Of the targeted $20 billion GMV by FY32, JSW products is expected to account for 65 per cent, the balance would be non-JSW

Commonwealth Games: Brands cheer as spotlight turns to non-cricket stars

Reliance, JSW, and Adani are among a growing list of names backing the contingent at Birmingham; some sponsorships will extend into Asian Games and Paris Olympics 2024

Rail orders critical for survival of JSW Steel's Italian biz: Company exec

The fate of JSW Steel's businesses in Italy largely depends on contracts from Italian railway authorities, failing which it will look at other alternatives, a top official said. JSW Steel has so far failed to revive the company it acquired in 2018, and rising raw material cost and geo-political issues, including the Russia-Ukraine crisis, has not helped matters either. The losses have reduced. The loss is majorly attributed to rail orders that are not sustainable. We are striving for more rail orders. If those come, it's fine, otherwise some alternatives have to be thought of, JSW Steel Joint MD & Group CFO Seshagiri Rao told PTI. Revenue of the Italian facility in Piombino improved to euro 309 million during 2021-22 from euro 249 million earlier, while the operating loss narrowed to euro 6.4 million in the fiscal under review from euro 22.6 million a year ago. JSW Italy has in the past won rail orders to the tune of around 40,000 metric tonnes from two contracts by Rete ...

JSW Steel earmarks Rs 20,000 cr capex, hopes export duty to be short-lived

JSW Steel has earmarked Rs 20,000 crore capital expenditure in the current fiscal and hoped that headwinds such as export duty on steel and high coal prices are likely to be short-lived

We feel export duty is a temporary measure to contain inflation: JSW's Rao

Companies are creating capacities with two major objectives - to meet India's requirements and also to meet global demand, says Rao

JSW Steel increases quantum of pulverised coal purchased from Russia

JSW Steel has increased the quantum of pulverised coal being purchased from Russia to 10-15 per cent of its requirements in recent times, the company's Deputy Managing Director Vinod Nowal said

Sajjan Jindal's JSW Infrastructure plans public listing by March 2024

The Mumbai-based company, which operates seaports and terminals, will soon start the process of engaging investment bankers and professional agencies to facilitate the listing

Stocks to Watch: ITC, Lupin, Ruchi Soya, Manappuram Finance, JSW, Biocon

Stocks to Watch: The US markets suffered the biggest one-day sell-off in almost two years -Investors worry about inflation and its impact on earnings and prospects for monetary policy tightening

UltraTech, JSW lost Ambuja race due to CCI concerns: Holcim CEO

The CEO said the smoothness of the execution of such a transaction was a major factor in taking the decision.

JSW Infrastructure commissions Rs 1,300-cr Paradip East Quay coal terminal

JSW Infra already has an iron ore terminal at the Paradip Port with a capacity to handle 10 mtpa of iron ore/ pellets. This terminal is designed to load the cape vessels within 48 hrs

Stocks to Watch: CoForge, MRPL, Petronet, JSW Ispat, PNB, Birla Corp, PSBs

Stocks to Watch Today: Aditya Birla Capital, Apollo Tyres, GSPL, HCC, L&T, RBL Bank, Siemens and Tata Motors ahead of Q4 earnings; Prudent Corporate Advisory Services IPO to close on Thursday.

JSW Energy profit jumps eight-fold to Rs 864 cr in March quarter

JSW Energy on Tuesday posted an over eight-fold jump in consolidated net profit to an all-time high of Rs 864 crore in the quarter ended March, mainly on the back of higher revenues.

Govt to finalise Pawan Hans sale Saturday, JSW among bidders: Report

The asset sale plan will help bridge the budget gap and meet spending targets as the economy faces fresh headwinds from the geopolitical tensions

Land acquisition for JSW project to be done in 5 months: Odisha govt

In 2020, when the company proposed this project, the Odisha government reserved 2,700 acres of land acquired in 2013 for the failed Posco project

JSW Infra enters container cargo biz; eyes 2 more terminals for Rs 1,400 cr

The company will invest Rs 300 crore in all at the New Mangalore Port Trust container terminal to create a capacity of 400,000 TEUs

JSW Ispat Special Steel to transfer Raipur facilities to subsidiary

The transfer will be made via slump sale to wholly-owned subsidiary Mivaan Steels (MSL)

Good cycle for commodities will continue: JSW Steel's Seshagiri Rao

Steel prices cannot remain at the same level when coking coal prices have increased, says the senior executive

JSW Ispat Special Products posts Rs 28 crore net loss in Dec quarter

It had reported a net profit of Rs 29.49 crore in the year-ago quarter