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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 Says Reported 4.18 Mln Tons Crude Steel Production In Q2 FY 2018-19
Thursday, 11 Oct 2018 

Oct 11 (Reuters) - JSW Steel Ltd ::SAYS REPORTED 4.18 MILLION TONS CRUDE STEEL PRODUCTION IN Q2 FY 2018-19.  Full Article

JSW Steel Says CARE Upgraded Long-Term Rating To "CARE AA (Stable)" For Bank Facilities, NCD, Commercial Paper Program
Tuesday, 9 Oct 2018 

Oct 9 (Reuters) - JSW Steel Ltd ::JSW STEEL - CARE HAS UPGRADED LONG-TERM RATING TO "CARE AA; (STABLE)" FROM "CARE AA-; (STABLE)" FOR BANK FACILITIES, NCD, COMMERCIAL PAPER PROGRAMME.JSW STEEL - CARE HAS REAFFIRMED SHORT TERM RATINGS TO CARE A1+ FOR BANK FACILITIES, NCD, COMMERCIAL PAPER PROGRAMME.JSW STEEL- CARE SAYS REVISION IN RATINGS ON IMPROVEMENT IN OPERATIONAL,FINANCIAL PERFORMANCE MARKED BY HIGHER CAPACITY UTILIZATION LEVELS IN FYLB.  Full Article

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

Lenders spurn tightly priced Tata holdco

* Loans: Tata Sons finds few takers in syndication for US$1.5bn loan