Jsw Steel

Saturday, Apr 20, 2024 | Last Update : 04:14 AM IST

Investors booked profit after big gains in the metal stocks after solid earnings performance in Q4 of FY21 and Q1 of FY22 had made them the best performing sector so far. — Representational image/PTI

Drop in global prices hits metal stocks

The BSE Metal index fell 6.90 per cent compared to 0.54 per cent fall in the Sensex. Nifty Metal index also fell 6.43 per cent

21 Aug 2021 9:56 AM

Steel demand likely to plunge to multi-year lows in 2020. (AFP Photo)

India's steel demand expected to drop to multi-year lows due to covid lockdown

Most steel companies have faced disruptions and suspended operations at some of their plants

20 Apr 2020 1:20 PM

JSW Steel approached NCLAT seeking protection from the ongoing investigation in money laundering cases against former promoters of BPSL.

NCLAT asks ED to release BSPL assets, stays Rs 19,700-cr sale to JSW Steel

On September 5, NCLT had approved the JSW Steel's Rs 19,700 crore resolution plan for BPSL.

14 Oct 2019 1:13 PM

Under the insolvency proceedings, JSW Steel has emerged as the winning bidder for Bhushan Power & Steel.

Bhushan Power case: NCLAT to hear JSW Steel's plea on Oct 14

NCLAT will decide over the payment of Rs 19,350 crore by JSW Steel of Bhushan Power & Steel on hearing on Oct 14.

16 Sep 2019 1:53 PM

JSW Steel had revised its offer from Rs 11,000 crore to Rs 18,000 crore and later to over Rs 19,000 crore, whereas Tata Steel's last offer was at Rs 17,000 crore after it had refused to revise its bid.

Not backing out from buying Bhushan Power: JSW tells NCLT

NCLT said that alleged fraud reports will not have any impact on the insolvency resolution process and JSW's resolution plan for BPSL.

15 Jul 2019 3:29 PM

Reliance Power, PC Jeweller, IFCI, Glenmark Pharma, Mahanagar Gas, IGL, Gujarat Gas, Motherson Sumi, Cadila Healthcare, Edelweiss FInancial and Dish TV were down 3-12 per cent.

Follow-up buying seen emerging in market

The index consolidated in a range throughout the day and ended around the 11700 mark.

25 Jun 2019 4:21 AM

Total expenses rose to Rs 20,058 crore from Rs 17,794 crore during the quarter ended March 2018.

JSW Steel Q4 consolidated net profit shrinks 48 pc to Rs 1,495 crore

The company had posted a consolidated net profit of Rs 2,879 crore in the year-ago quarter, JSW Steel.

24 May 2019 3:58 PM

During 2018-19, JSW Steel's output of flat rolled products stood at 11.74 MT, up 3 per cent from 11.44 MT in the previous fiscal.

JSW Steel's crude steel output grew 3 pc to 16.69 million tonne in FY19

The company had produced 16.27 MT of crude steel in the 2017-18 fiscal.

09 Apr 2019 12:28 PM

The JSW Steel scrip closed 2.41 per cent up at Rs 294.85 on the BSE, as against a gain of 0.46 per cent on the benchmark.

JSW Steel raising $500 million from overseas bond sale

Moody's said proceeds from the issue will be utilised for retiring some debt and also for capital expenditure.

06 Apr 2019 11:34 AM

During January 2019, the company said, its output of flat rolled products was at 10.40 lakh tonne, up 3 per cent from 10.13 lakh tonne in the year-ago month.

JSW Steel crude steel output drops marginally to 14.53 lakh tonne

The production of long rolled products at 3.44 lakh tonne was lower as against 3.68 lakh tonne in January 2018.

13 Feb 2019 2:23 PM

The WTO upheld Japan’s complaint in November but India is planning to appeal.

Firms seek higher duties as surplus steel lands in India

The ministry has given various indications that some measures might be taken, the sources added.

07 Feb 2019 6:38 AM

Total income in the quarter under review increased 11 per cent to Rs 20,355 crore from Rs 18,306 crore in the October-December period of 2017-18.

JSW Steel Q3 net profit falls 10 per cent to Rs 1,603 crore

The company had clocked a consolidated net profit of Rs 1,774 crore in the year-ago period.

06 Feb 2019 4:33 PM

The company also registered 34.1 per cent growth in the output of its long rolled products at 3.46 lakh tonne.

JSW Steel crude steel output grows 8 per cent in Oct

The Sajjan Jindal-led company had produced 13.43 lakh tonne crude steel in October 2017.

08 Nov 2018 1:27 PM

Sajjan Jindal-led JSW Steel has said it will consider raising additional long-term resources, including issuance of equity shares or other securities, through a rights issue at its board meet next week.

JSW Steel may raise additional long-term resources via rights issue

The promoter and promoter group hold 42.32 per cent stake in the company, while 57.12 per cent is held by the public.

21 Oct 2018 1:42 PM

After facing stiff challenge from rival bidders, JSW Steel may finally emerge victorious in the battle for control of Bhushan Power & Steel (BPSL). Debt-ridden BPSL is facing insolvency proceedings for the past 15 months, a timeframe that far exceeds the mandated 270 days for resolution under the Insolvency and Bankruptcy Code (IBC).

JSW Steel most likely winner for Bhushan Power

CoC may wait till October 22 when Tata Steel’s plea challenging re-bids will come up for hearing before NCLT.

16 Oct 2018 10:01 AM

JSW Steel is seeking a legal opinion if it can bid solo for stressed assets of Essar Steel, a top company official said on Tuesday.

JSW Steel seeking legal opinion if can bid solo for Essar Steel: Official

JSW Steel had teamed up with NuMetal to place a Rs 37,000-crore offer for Essar Steel in the second round of bidding.

09 Oct 2018 4:59 PM

JSW Steel has submitted a resolution plan of Rs 19,700-crore to the Committee of Creditors of debt-laden Bhushan Power and Steel Ltd, a source in the know of the matter said.

JSW Steel makes Rs 19,700 crore offer for Bhushan Power and Steel

The bids were submitted for the second time to the CoC late night on August 13.

16 Aug 2018 5:47 PM

JSW Steel Limited and AION Investments Private II Limited had submitted a bid for MIEL under the corporate insolvency resolution process of the Insolvency and Bankruptcy Code 2016.

CCI approves JSW-led consortium bid to acquire Monnet Ispat

JSW Steel is a part of the diversified USD 12 billion JSW Group, which has presence in steel, energy, infrastructure, cement.

12 May 2018 1:14 PM

The agency has also affirmed the company's senior unsecured rating and the rating on its senior unsecured notes at 'BB'.

Fitch revises outlook on JSW Steel to stable from negative

Shares of JSW Steel were trading 0.51 per cent lower at Rs 310.50 apiece on BSE.

01 Mar 2018 1:41 PM

JSW Steel’s third quarter crude steel production was up 7 per cent to an all time high of 4.11 million tons.

JSW Steel third-quarter profit more than doubles

Total revenue from operations for the quarter jumped 17 per cent to 178.61 billion rupees.

31 Jan 2018 4:32 PM

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Shobhaa De

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