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JSW Steel Ltd (JSTL.NS)

JSTL.NS on National Stock Exchange of India

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Latest Key Developments (Source: Significant Developments)

JSW Steel Approves Issuance Of NCDs With Warrants Worth 70 Bln Rupees
Friday, 24 May 2019 

May 24 (Reuters) - JSW Steel Ltd ::APPROVED RAISING OF LONG TERM RESOURCES VIA ISSUANCE OF NCDS WITH WARRANTS WORTH 70 BILLION RUPEES.APPROVED ISSUANCE OF EQUITY SHARES AND/OR DEBENTURES OR ANY OTHER CONVERTIBLE SECURITIES FOR 70 BILLION RUPEES.  Full Article

India's JSW Steel March-Qtr Consol Net Profit Falls
Friday, 24 May 2019 

May 24 (Reuters) - JSW Steel Ltd ::MARCH QUARTER CONSOL NET PROFIT 15.23 BILLION RUPEES VERSUS PROFIT OF 29.96 BILLION RUPEES LAST YEAR.CONSENSUS FORECAST FOR MARCH QUARTER CONSOL PROFIT WAS 15.89 BILLION RUPEES.MARCH QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 223.68 BILLION RUPEES VERSUS 213.36 BILLION RUPEES LAST YEAR.Q4 CRUDE STEEL PRODUCTION 4.17 MILLION TONNES, DOWN 3 PERCENT.NOW IMPLEMENTING CUMUMLATIVE CAPEX SPEND OF 487.15 BILLION RUPEES OVER FY2018-FY2021.APPROVES CERTAIN NEW CAPEX PROPOSALS WORTH 57 BILLION RUPEES.PLANS TO SPEND ABOUT 343 BILLION RUPEES OVER NEXT 2 YEARS, WITH SOME SPILLOVER TO FY2022.EXPECTS 6.5%-7% STEEL DEMAND GROWTH IN INDIA FOR FY2020.SEES FY20 CRUDE STEEL PRODUCTION AT 16.95 MILLION TONNES.SEES FY20 SALEABLE STEEL SALES AT 16 MILLION TONNES.GUIDANCE FOR FY2019-20 TRANSLATES INTO CAPACITY UTILIZATION OF 94%.RECOMMENDED DIVIDEND OF 4.10 RUPEES PER SHARE.  Full Article

JSW Steel April Crude Steel Production Up 2 Pct
Thursday, 9 May 2019 

May 9 (Reuters) - JSW Steel Ltd ::APRIL CRUDE STEEL PRODUCTION 1.39 MILLION TONNES, UP 2 PERCENT.  Full Article

JSW Group Enters Paints Business In India With JSW Paints
Thursday, 2 May 2019 

May 2 (Reuters) - JSW Steel Ltd ::JSW GROUP ENTERS PAINTS BUSINESS IN INDIA WITH JSW PAINTS.  Full Article

JSW Steel Raises $500 Mln Via Allotment Of Fixed Rate Senior Unsecured Notes
Thursday, 18 Apr 2019 

April 18 (Reuters) - JSW Steel Ltd ::RAISED $500 MILLION VIA ALLOTMENT OF FIXED RATE SENIOR UNSECURED NOTES.NOTES WILL BE LISTED ON SINGAPORE EXCHANGE SECURITIES TRADING LTD.  Full Article

CCI Finds No Appreciable Adverse Effect On Competition W.R.T Acquisition Of Asian Colour Coated Ispat
Thursday, 18 Apr 2019 

April 18 (Reuters) - JSW Steel Ltd ::INDIA'S CCI FINDS NO APPRECIABLE ADVERSE EFFECT ON COMPETITION W.R.T JSW STEEL COATED PRODUCTS PROPOSED ACQUISITION OF ASIAN COLOUR COATED ISPAT-TWEET.  Full Article

JSW Steel Says Moody's Investor Service Assigns "Ba2" Rating To Proposed Notes Issuance By Co
Friday, 5 Apr 2019 

April 5 (Reuters) - JSW Steel Ltd ::MOODY'S INVESTOR SERVICE ASSIGNS "BA2" RATING TO PROPOSED NOTES ISSUANCE BY CO.FITCH RATINGS ASSIGNS "BB(EXP)" RATING TO PROPOSED NOTES ISSUANCE BY CO.  Full Article

India's JSW Steel Exec Says Co To Achieve 16.5 Mln Tonnes Of Production In FY19
Wednesday, 6 Feb 2019 

Feb 6 (Reuters) - JSW Steel Ltd Joint MD, Group CFO Seshagiri Rao::CO WILL BE ABLE TO ACHIEVE 16.5 MILLION TONNES OF PRODUCTION IN FY19.CO IS SLIGHTLY SHORT ON THE SALES TARGET FOR YEAR FY19.MONNET ISPAT PLANT THAT CO ACQUIRED RECENTLY IS RAMPING UP FAST.CO HAS ENOUGH HEADROOM IN TERMS OF DEBT COVENANTS.INDIAN STEEL CONSUMPTION WILL BE IN 7 PERCENT - 7.5 PERCENT IN FY20.CO AWAITING LETTER OF INTENT FROM CREDITORS OF BHUSHAN POWER.IT IS LIKELY THAT EXPORTS IN Q4FY19 WILL BE MORE THAN Q3FY19.IT WILL TAKE MINIMUM TWO YRS TO TURNAROUND MONNET ISPAT.CO SHOULD BE EBITDA POSITIVE IN ITALY AND U.S. ASSET BY NEXT YEAR.  Full Article

JSW Steel Exec Says Plans To Increase Monnet Ispat Production To 2.5 Mln Tonnes By April
Tuesday, 22 Jan 2019 

Jan 22 (Reuters) - JSW Steel Ltd Joint CFO Seshagiri Rao::SAYS PLANS TO INCREASE MONNET ISPAT PRODUCTION TO 2.5 MILLION TONNES BY APRIL.SAYS WILL TURN AROUND MONNET ISPAT IN TWO YEARS TIME.  Full Article

JSW Steel Exec Says We Expect Steel Demand In 2018 At 7-7.5 Pct In India
Tuesday, 22 Jan 2019 

Jan 22 (Reuters) - JSW Steel Ltd Seshagiri Rao, Joint CFO::JSW STEEL EXEC SAYS WE DON'T EXPECT DOWNSIDE IN STEEL PRICES IN 2019 AS SUPPLY IS COMING DOWN IN CHINA.JSW STEEL EXEC SAYS IMPORTS FROM CHINA, JAPAN AND SOUTH KOREA HAVE AGAIN STARTED RISING.JSW STEEL EXEC SAYS WE EXPECT STEEL DEMAND IN 2018 AT 7-7.5 PERCENT IN INDIA.JSW STEEL EXEC SAYS BIS STANDARDS AARE NOT BEING CLOSELY MONITORED IN INDIA.JSW STEEL LTD EXEC SAYS WANT GOVERNMENT TO IMPOSE IMPORT DUTY ON COUNTRIES WITH WHOM INDIA HAS FREE TRADE AGREEMENTS.  Full Article

Indian shares falter; tariffs on U.S. goods stoke trade war fears

June 17 Indian shares fell on Monday, dented by losses across sectors, after the country slapped higher tariffs on certain U.S. products in retaliation to Washington's decision to remove certain trade privileges for New Delhi.