Edition:
India

JSW Steel Ltd (JSTL.BO)

JSTL.BO on Bombay Stock Exchange

309.90INR
23 May 2018
Change (% chg)

Rs-7.90 (-2.49%)
Prev Close
Rs317.80
Open
Rs317.55
Day's High
Rs322.55
Day's Low
Rs308.25
Volume
274,448
Avg. Vol
374,263
52-wk High
Rs343.00
52-wk Low
Rs184.30

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Wed, May 16 2018

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JSW Steel posts record quarterly profit

India's JSW Steel posted record quarterly net profit on Wednesday, nearly tripling from last year, largely beating market estimates thanks to higher commodity prices and spreads.

BRIEF-India's JSW Steel Exec Says Co Initiated Almost 20 Bln Rupees Of Cost Saving

May 16 Seshagiri Rao, joint MD and group CFO, JSW Steel speaking at post-earnings press conference:

BRIEF-India's JSW Steel Recommended Dividend Of 3.20 Rupees Per Equity Share

* SAYS CO RECOMMENDED DIVIDEND AT STIPULATED RATE OF 10 PERCENT PER SHARE ON 10 PERCENT CUMULATIVE REDEEMABLE PREFERENCE SHARES

BRIEF-India's JSW Steel March Qtr Consol Profit Nearly Triples

* MARCH QUARTER CONSOL NET PROFIT 29.96 BILLION RUPEES VERSUS PROFIT OF 10.14 BILLION RUPEES LAST YEAR

BRIEF-India's JSW Steel April Crude Steel Production Up 6 Pct

* APRIL CRUDE STEEL PRODUCTION AT 1.4 MILLION TONNES, UP 6 PERCENT Source text - https://bit.ly/2IzYyD2 Further company coverage:

Rescuers battle to reach three missing Polish miners

WARSAW Rescuers battled "extremely difficult" conditions on Monday searching for three Polish miners still missing two days after an earthquake, the mine's operator JSW said.

MEDIA-India's JSW Steel seeks fresh round of bidding for Essar Steel - Economic Times

- Note: Reuters has not verified this story and does not vouch for its accuracy

MEDIA-India's JSW Steel may bring in partner for Essar Steel - Mint

- Note: Reuters has not verified this story and does not vouch for its accuracy

BRIEF-JSW Steel's Consortium With AION Investments Identified As Successful Resolution Applicant For Buying Monnet Ispat & Energy

* CONSORTIUM OF CO AND AION INVESTMENTS PRIVATE II IDENTIFIED AS SUCCESSFUL RESOLUTION APPLICANT FOR ACQUISITION OF MONNET ISPAT & ENERGY

JSW Steel, AION get creditors' nod for Monnet Ispat takeover

Creditors of India's Monnet Ispat and Energy Ltd have approved a joint bid from AION Investments and JSW Steel to take over the bankrupt firm, according to a regulatory filing on Tuesday.

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