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JSW Steel Ltd (JSTL.NS)

JSTL.NS on National Stock Exchange of India

334.00INR
17 Aug 2018
Change (% chg)

Rs5.85 (+1.78%)
Prev Close
Rs328.15
Open
Rs329.90
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Rs335.80
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Rs329.90
Volume
3,729,105
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4,125,925
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Rs351.00
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Rs228.25

Latest Key Developments (Source: Significant Developments)

India's JSW Steel Exec Says Surging Imports Becoming A Concern For The Industry Again
Wednesday, 25 Jul 2018 

July 25 (Reuters) - JSW Steel Ltd Joint MD and Group CFO, Seshagiri Rao says::SURGING IMPORTS IS BECOMING A CONCERN FOR THE INDUSTRY AGAIN.INDIAN STEEL DEMAND IS EXPECTED TO BE BUOYANT IN CURRENT QUARTER.MONNET ISPAT SHOULD BE ABLE TO REACH ITS STATED CAPACITY IN 2 YRS TIME.WE WILL GIVE 250 MILLION RUPEES TO OPERATIONAL CREDITORS OF MONNET ISPAT.HAVE STARTED DIALOGUE WITH GOVERNMENT TO SAFEGUARD AGAINST INCREASING STEEL IMPORTS.WE ARE EXPECTING EVEN MORE STEEL TO COME INTO INDIA IN NEXT FEW QUARTERS.  Full Article

India's JSW Steel June Qtr Consol Profit Rises
Wednesday, 25 Jul 2018 

July 25 (Reuters) - JSW Steel Ltd ::JUNE QUARTER CONSOL NET PROFIT 23.66 BILLION RUPEES VERSUS PROFIT OF 6.26 BILLION RUPEES LAST YEAR.CONSENSUS FORECAST FOR JUNE QUARTER CONSOL PROFIT WAS 21.08 BILLION RUPEES.JUNE QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 205.19 BILLION RUPEES VERSUS 163.71 BILLION RUPEES LAST YEAR.CO'S NET DEBT INCREASED BY 10.70 BILLION RUPEES DURING QUARTER, PRIMARILY DUE TO A 8.65 BILLION-RUPEE MARK TO MARKET IMPACT OF RUPEE DEPRECIATION.  Full Article

India's JSW Group Says Bankruptcy Tribunal Approves Monnet Ispat Takeover By Aion-JSW Steel consortium
Thursday, 19 Jul 2018 

July 19 (Reuters) - :INDIA'S JSW GROUP SAYS BANKRUPTCY TRIBUNAL APPROVES MONNET ISPAT TAKEOVER BY AION-JSW STEEL.  Full Article

JSW Cement To Invest About $150 Mln In Fujairah
Thursday, 19 Jul 2018 

July 19 (Reuters) - JSW Cement::TO INVEST NEARLY US$150 MILLION IN FUJAIRAH.INVESTMENT IN FUJAIRAH AIMED AT SETTING UP 1 MTPA CLINKER UNIT, CAPTIVE POWER PLANT TO SERVICE ENERGY REQUIREMENTS OF CLINKER UNIT.  Full Article

India's JSW Steel Q1 Crude Steel Production Up 5 Pct
Monday, 9 Jul 2018 

July 9 (Reuters) - JSW Steel Ltd ::CRUDE STEEL PRODUCTION UP BY 5 PERCENT FOR Q1 FY 2018-19.QTRLY CRUDE STEEL PRODUCTION AT 4.11 MILLION TONNES.  Full Article

JSW Steel Completes Acquisition Of 83 Pct Stake In Acero Junction Holdings
Thursday, 14 Jun 2018 

June 14 (Reuters) - JSW Steel Ltd ::CO ON JUNE 13 COMPLETED ACQUISITION OF 83% OF SHARES OF ACERO JUNCTION HOLDINGS INC.REMAINING 17 PERCENT IN PROCESS OF TRANSFER TO CO ON MAKING BALANCE PAYMENTS AS PER STOCK PURCHASE AGREEMENT.  Full Article

India's JSW Steel Exec Says Co Initiated Almost 20 Bln Rupees Of Cost Saving
Wednesday, 16 May 2018 

May 16 (Reuters) - Seshagiri Rao, joint MD and group CFO, JSW Steel speaking at post-earnings press conference::EXEC SAYS PLAN TO ACCELERATE CO'S CAPEX PLANS.EXEC SAYS CO WILL EXPAND VIJAYANAGAR FACILITY BY 1 MILLION TONNES AND 0.6 MILLION TONNES AT DOLVI BY 2020.EXEC SAYS EARMARKING MORE CAPEX FOR DOWNSTREAM PROJECTS.EXEC SAYS CO IS COMMITTING ADDITIONAL CAPEX OF 170 BILLION RUPEES WHICH TAKES TOTAL CAPEX TO 400 BILLION RUPEES BY MARCH 2020.EXEC SAYS CO WILL GET THE PAYBACK OF THE CAPEX IN 3 TO 3.5 YEARS AFTER COMPLETION.EXEC SAYS FY19 PRODUCTION GUIDANCE IS 16.75 MILLION TONNES AND 16 MILLION TONNES OF SALES.EXEC SAYS EXPECT STEEL DEMAND TO BE IN THE RANGE OF 7-7.5 PERCENT IN FY19.EXEC SAYS CO INITIATED ALMOST 20 BILLION RUPEES OF COST SAVING.  Full Article

India's JSW Steel March Qtr Consol Profit Nearly Triples
Wednesday, 16 May 2018 

May 16 (Reuters) - JSW Steel Ltd ::MARCH QUARTER CONSOL NET PROFIT 29.96 BILLION RUPEES VERSUS PROFIT OF 10.14 BILLION RUPEES LAST YEAR.MARCH QUARTER CONSOL REVENUE FROM OPERATIONS 208.17 BILLION RUPEES VERSUS 179.17 BILLION RUPEES LAST YEAR.CONSENSUS FORECAST FOR MARCH QUARTER CONSOL PROFIT WAS 18.13 BILLION RUPEES.SAYS CO IS IMPLEMENTING CUMULATIVE CAPEX PIPELINE OF 444.15 BILLION RUPEES BETWEEN FY 2018-FY 2021.  Full Article

CCI Approves Acquisition Of 75 Pct Of Share Capital Of Monnet Ispat By Aion Investment Pvt II-JSW Steel Consortium
Monday, 14 May 2018 

May 14 (Reuters) - Competition Commission of India::APPROVES ACQUISITION OF 75 PERCENT OF SHARE CAPITAL OF MONNET ISPAT BY CONSORTIUM OF AION INVESTMENT PRIVATE II AND JSW STEEL.  Full Article

India's JSW Steel To Buy Acero Junction Holdings For $80.85 Mln
Thursday, 29 Mar 2018 

March 29 (Reuters) - Jsw Steel Ltd ::ENTERS STOCK PURCHASE AGREEMENT WITH JSM INTERNATIONAL, ACERO JUNCTION HOLDINGS AND ACERO JUNCTION INC.DEAL TO BUY ACERO JUNCTION HOLDINGS FOR $80.85 MILLION.  Full Article

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If rupee slump persists, it can hurt India's Modi

NEW DELHI/MUMBAI The rupee's plunge to a record low has worried a wide cross-section of India's society: companies, importers, those going on vacation and students planning to study overseas. But if the weakness persists, Prime Minister Narendra Modi's job could become a lot harder just before big state and national elections.