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JSW Steel Ltd (JSTL.NS)

JSTL.NS on National Stock Exchange of India

310.00INR
23 May 2018
Change (% chg)

Rs-8.40 (-2.64%)
Prev Close
Rs318.40
Open
Rs318.90
Day's High
Rs322.90
Day's Low
Rs308.10
Volume
6,090,049
Avg. Vol
5,098,662
52-wk High
Rs342.75
52-wk Low
Rs184.10

Latest Key Developments (Source: Significant Developments)

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

India's JSW Steel Chief: Was Willing To Participate In Essar Steel Bid But Panel Of Creditors Said 'No' -TVs
Monday, 26 Mar 2018 

March 26 (Reuters) - JSW Steel Ltd ::INDIA'S JSW STEEL CHIEF SAJJAN JINDAL SAYS WAS WILLING TO PARTICIPATE IN ESSAR STEEL BID BUT PANEL OF CREDITORS SAID 'NO' - TV CHANNELS.  Full Article

JSW Steel unit & Office Of Governor, Texas Sign Memorandum Of Cooperation
Monday, 26 Mar 2018 

March 26 (Reuters) - JSW Steel Ltd ::SAYS JSW STEEL (USA) INC & OFFICE OF GOVERNOR, TEXAS USA SIGN MEMORANDUM OF COOPERATION.SAYS FUNDS TO BE USED FOR BACKWARD INTEGRATION; TO CREATE MELT AND MANUFACTURE CONTIGUOUS PLATE AND PIPE FACILITY IN TEXAS.SAYS ‍​INTENDS TO CONSIDER INVESTMENT OF UP TO $500 MILLION TO EXPAND ITS OPERATIONS IN TEXAS, USA.SAYS OFFICE OF GOVERNOR, TEXAS USA APPROVES $3.4 MILLION GRANT FROM TEXAS ENTERPRISE FUND TO CO.SAYS JSW STEEL (USA) TO BE REBRANDED AS JSW USA.SAYS THIS CAPEX PROGRAMME IS EXPECTED TO BE COMPLETED BY MARCH 2020.  Full Article

JSW Steel Q3 Crude Steel Production At 4.11 Mln Tons
Wednesday, 10 Jan 2018 

Jan 10 (Reuters) - Jsw Steel Ltd ::SAYS CRUDE STEEL PRODUCTION OF 4.11 MILLION TONS IN Q3, 2018.  Full Article

JSW Steel Nov Crude Steel Production Up 11 Pct
Friday, 8 Dec 2017 

Dec 8 (Reuters) - JSW Steel Ltd ::NOV CRUDE STEEL PRODUCTION 1.4 MILLION TONNES, UP 11 PERCENT.  Full Article

JSW Steel Oct crude steel production up 1 pct
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Jsw Steel Ltd ::Oct crude steel production 1.3 million tonnes, up 1 percent.  Full Article

JSW Steel approves formation of unit with initial investment of up to 1.50 bln rupees ‍​
Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - JSW Steel Ltd :Says approved to form wholly owned unit JSW Utkal Steel with initial investment of up to 1.50 billion rupees ‍​.Says proposes to set up a steel plant in Orrisa‍​.  Full Article

India Inc looks overseas for funds

* Loans: Onshore volatility, regulation change add to appeal for borrowers to go offshore