Edition:
India

JSW Steel Ltd (JSTL.NS)

JSTL.NS on National Stock Exchange of India

238.10INR
20 Sep 2019
Change (% chg)

Rs18.55 (+8.45%)
Prev Close
Rs219.55
Open
Rs220.65
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Rs240.20
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Rs218.25
Volume
23,899,821
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7,026,717
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Rs427.55
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Rs201.75

Latest Key Developments (Source: Significant Developments)

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's JSW Steel Chairman Says No Discussion On Revising Downwards Bhushan Power Bid
Thursday, 25 Jul 2019 

July 25 (Reuters) - JSW Steel Ltd Chairman, Group CFO ::JSW STEEL CHAIRMAN SAYS NO DISCUSSION ON REVISING DOWNWARDS BHUSHAN POWER BID.JSW STEEL CHAIRMAN SAYS CURRENT SLOWDOWN IN STEEL SECTOR COULD IMPACT TURNAROUND TIMELINES FOR MONNET ISPAT.JSW STEEL CHAIRMAN SAYS INFRASTRUCTURE DEVELOPMENT IN THE COUNTRY WILL DRIVE STEEL DEMAND THOUGH THERE IS AUTO SLOWDOWN.JSW STEEL EXEC SAYS SEEKING IMMUNITY ON LITIGATIONS ON BHUSHAN POWER PURCHASE.JSW STEEL EXEC SAYS WILL TURN AROUND MONNET ISPAT IN TWO YEARS FROM DATE OF PURCHASE.  Full Article

India's JSW Steel Chairman Jindal Says To Increase Domestic Capacity To 45 MT By 2030
Thursday, 25 Jul 2019 

July 25 (Reuters) - JSW Steel Ltd Chairman Sajjan Jindal::CHAIRMAN SAJJAN JINDAL IN AGM SPEECH SAYS TO INCREASE DOMESTIC CAPACITY TO 45 MILLION TONNES BY 2030.CHAIRMAN SAJJAN JINDAL IN AGM SPEECH SAYS TO INCREASE GLOBAL CAPACITY TO 10 MILLION TONNES BY 2030.CHAIRMAN SAJJAN JINDAL IN AGM SPEECH SAYS PREFERRED BIDDERS FOR BHUSHAN POWER, AWAIT NECESSARY APPROVALS.  Full Article

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

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NCLT approves JSW Steel's takeover of bankrupt Bhushan Power

MUMBAI An Indian court on Thursday cleared JSW Steel Ltd's takeover plan for debt-ridden Bhushan Power and Steel, bringing an end to a bankruptcy case that has dragged on over two years.