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India

JSW Steel Ltd (JSTL.BO)

JSTL.BO on Bombay Stock Exchange

273.25INR
17 Jan 2020
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Latest Key Developments (Source: Significant Developments)

Jsw Steel Ltd - Infused 635 Mln Rupees In Vardhman Industries
Tuesday, 31 Dec 2019 

Dec 31 (Reuters) - JSW Steel Ltd ::JSW STEEL LTD - INFUSED 635 MILLION RUPEES IN VARDHMAN INDUSTRIES AND HAS BEEN ISSUED EQUITY SHARES AND COMPULSORILY CONVERTIBLE DEBENTURES IN VIL.JSW STEEL LTD - CO HOLDS 100% OF THE EQUITY SHARES AND THE COMPULSORILY CONVERTIBLE DEBENTURES ISSUED BY VIL,BECOMES WHOLLY OWNED UNIT OF CO.  Full Article

JSW Steel Ltd -Netherlands Unit Sells 39% Stake In Geo Steel LLC to JV Partner
Friday, 27 Dec 2019 

Dec 27 (Reuters) - JSW Steel Ltd ::JSW STEEL LTD -AGREEMENT FOR SALE OF 39% EQUITY STAKE IN GEO STEEL LLC BY JSW STEEL (NETHERLANDS) B.V..JSW STEEL LTD - SOLD STAKE TO JV PARTNER, GEORGIAN STEEL GROUP HOLDINGS LIMITED.JSW STEEL LTD - CONSIDERATION RECEIVED FROM SALE STANDS AT $23.08 MILLION RUPEES.  Full Article

JSW Steel Says Crude Steel Production For November Down 7% At 1.29 Mln Tonnes
Monday, 9 Dec 2019 

Dec 9 (Reuters) - JSW Steel Ltd ::JSW STEEL LTD SAYS CRUDE STEEL PRODUCTION FOR NOVEMBER DOWN 7% AT 1.29 MILLION TONNES.JSW STEEL - BLAST FURNACES, WHICH TEMPORARILY SHUT DOWN IN OCT, 2019 DUE TO SLOWDOWN IN AUTO DEMAND RECOMMENCED OPERATIONS IN LAST WEEK OF NOV, 2019..  Full Article

JSW Steel Oct Crude Steel Production Down 13%
Tuesday, 12 Nov 2019 

Nov 12 (Reuters) - JSW Steel Ltd ::CRUDE STEEL PRODUCTION 1.3 MILLION TONS IN OCTOBER.OCT CRUDE STEEL PRODUCTION DOWN 13% FROM YEAR AGO.TEMPORARILY SHUT DOWN ONE BLAST FURNACE AT SALEM DUE TO SLOWDOWN IN DEMAND FROM AUTO SECTOR.EXTENDED MONSOON RAINS HIT PRODUCTION AT DOLVI AND VIJAYANAGAR.  Full Article

JSW Steel Exec Says International And Local Price Of Steel Have Bottomed Out
Wednesday, 23 Oct 2019 

Oct 23 (Reuters) - Jsw Steel Ltd Exec ::EXEC SAYS ENOUGH HEADROOM AVAILABLE FOR COMPANY ON DEBT.EXEC SAYS WILL PARTICIPATE IN IRON ORE MINE AUCTION IN ODISHA.EXEC SAYS COMPANY WILL NOT BE ABLE TO MEET ITS FISCAL YEAR 2020 GUIDANCE FOR SALES AND PRODUCTION.EXEC SAYS FALL IN PRICE OF COKING COAL, IRON ORE WILL REFLECT IN CURRENT QUARTER RESULTS.EXEC SAYS MONNET ISPAT WILL START CONTRIBUTING TO CONSOLIDATED EBITDA FROM NEXT QUARTER.EXEC SAYS WE MAINTAIN MONNET TURNAROUND BY SEPT 2020.EXEC SAYS INTERNATIONAL AND LOCAL PRICE OF STEEL HAVE BOTTOMED OUT.EXEC SAYS BY END OF CURRENT FISCAL YEAR ALL INTERNATIONAL ASSETS WILL BE POSITIVE ON OPERATING PROFIT.  Full Article

India's JSW Steel Sept Quarter Profit Rises
Wednesday, 23 Oct 2019 

Oct 23 (Reuters) - JSW Steel Ltd ::SEPT QUARTER CONSOL NET PROFIT 25.60 BILLION RUPEES VERSUS PROFIT OF 21.26 BILLION RUPEES LAST YEAR.SEPT QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 175.72 BILLION RUPEES VERSUS 215.52 BILLION RUPEES LAST YEAR.CONSENSUS FORECAST FOR SEPT QUARTER CONSOL PROFIT WAS 5.37 BILLION RUPEES.SAYS IN LIGHT OF MARKET CONDITIONS, HAS RECALIBRATED FY20 CAPEX PLAN.SAYS HAS IDENTIFIED CERTAIN PROJECTS, SOME ITEMS OF NORMAL CAPEX, AND DEFERRED 47 BILLION RUPEES WORTH OF SPENDING TO NEXT YEAR.SAYS REVISED CASH FLOW PLAN FOR CURRENT FY IS 110 BILLION RUPEES VERSUS PRIOR ESTIMATE OF 157.08 BILLION RUPEES.SEES INDIAN STEEL DEMAND GROWING 5% IN FY 20 DESPITE ECONOMIC SLOWDOWN.SAYS CONCERNED BY WEAK AUTO SALES, CONSUMER DURABLES SALES; MODEST RECOVERY EXPECTED ON BACK OF FESTIVAL DEMAND.JSW STEEL LTD SAYS TOTAL TAX GAIN OF 18.48 BILLION RUPEES IN QUARTER VERSUS EXPENSE OF 9.36 BILLION RUPEES LAST YEAR.  Full Article

JSW Steel Q2 Crude Steel Production 3.84 Million Tons
Friday, 11 Oct 2019 

Oct 11 (Reuters) - JSW Steel Ltd ::CRUDE STEEL PRODUCTION : 3.84 MILLION TONS IN Q2 FY 2019-20.PRODUCTION LOWER DUE TO SEVERE PROLONGED MONSOON IN GENERAL, FALL IN AUTO SECTOR DEMAND IN PARTICULAR.  Full Article

JSW Steel Says Aug Crude Steel Production Down 13% YoY
Wednesday, 11 Sep 2019 

Sept 11 (Reuters) - JSW Steel Ltd ::JSW STEEL LTD - AUG CRUDE STEEL PRODUCTION AT 12.53 LAKH TONNES, DOWN 13% YOY.  Full Article

JSW Steel Says NCLT Approved Resolution Plan For Bhushan Power And Steel
Thursday, 5 Sep 2019 

Sept 5 (Reuters) - JSW Steel Ltd ::NCLT APPROVED RESOLUTION PLAN FOR CORPORATE INSOLVENCY RESOLUTION PROCESS OF BHUSHAN POWER AND STEEL.  Full Article

JSW Steel Says Steel Demand Will Revive By Second Half of Year
Friday, 26 Jul 2019 

July 26 (Reuters) - JSW Steel Ltd Group Chief Financial Officer Seshagiri Rao::U.S. AND ITALY OPERATIONS WILL TAKE SOME MORE TIME TO TURNAROUND.4.5 MILLION TO 5 MILLION TONNES OF CAPTIVE IRON ORE WILL COME BY END OF YEAR.EXPANSION OF DOLVI PLANT NEAR MUMBAI WILL BE READY BY MARCH 2020.WILL HAVE 35% OF OWN IRON ORE BY YEAR-END OUT OF TOTAL REQUIREMENT.STEEL DEMAND WILL REVIVE BY SECOND HALF OF THIS YEAR.STEEL PRICES HAVE BOTTOMED OUT, EXPECT STEEL PRICES TO STABILISE GOING AHEAD.INDIA SIGNING REGIONAL COMPREHENSIVE ECONOMIC PARTNERSHIP WITH CHINA A 'DISASTER' IN OUR VIEW.STEEL SHOULD BE EXCLUDED FROM REGIONAL COMPREHENSIVE ECONOMIC PARTNERSHIP.MORE CAPTIVE IRON ORE, LESS COKE IMPORTS WILL HELP COMPANY SAVE COSTS GOING FORWARD.PRIVATE EXPENDITURE WILL STILL TAKE MORE TIME TO COME.  Full Article

India watchdog links over $500 million Bhushan Power assets to fraud probe

NEW DELHI India's financial fraud agency said on Saturday assets worth 40.25 billion rupees ($567.60 million) of Bhushan Power & Steel Limited were connected with a money-laundering probe, a move that could scupper the debt-ridden firm's sale to JSW Steel Ltd .