Company Profile For JSW Steel Limited

JSW Steel Limited (JSTL.BO) (Bombay Stock Exchange)

sector: Basic Materials · industry: Steel ·

As of 12:24pm IST

915.00INR

Price Change

-65.20

Percent Change

-6.65%

Analyst Recommendations

Overview

JSW Steel Limited (JSW) is engaged in the production and distribution of iron and steel products. The Company, through its subsidiaries, is engaged in acquisition and investment in steel related and steel allied businesses, trading in steel products, steel service center, mining, manufacturing plates, pipes and double jointing, pre-fabricated building systems and technologies, and steel plant. The Company operates in two segments: Steel and Power. During the year ended March 31, 2008, the Company acquired 100% interest in JSW Steel Service Centre (UK) Limited through JSW Steel (UK) Limited and Argent Independent Steel (Holdings) Limited. On October 13, 2008, JSW Building Systems Limited (JSWBSL) became a wholly owned subsidiary of the Company.

Quick Financial Synopsis

BRIEF: For the six months ended 30 September 2009, JSW Steel Limited's revenue decreased 2% to RS89.90B. Net income increased 4% to RS5.57B. Revenues reflect decreased income from steel segment. Net income was offset by a lower consumption of raw materials and lower employee cost. The company is engaged in the production and distribution of iron and steel products, steel service center, mining, manufacturing plates and pipes.