Company Profile

JSW STEEL LTD.

NSE : JSWSTEELBSE : 500228ISIN CODE : INE019A01038Industry : Steel & Iron ProductsHouse : Om Prakash Jindal
BSE194.10-4.25 (-2.14 % )
PREV CLOSE (Rs.) 198.35
OPEN PRICE (Rs.) 198.80
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 993580
TODAY'S LOW / HIGH (Rs.)191.80 198.80
52 WK LOW / HIGH (Rs.)132.5 296.65
NSE194.05 -4.35 (-2.19 % )
PREV CLOSE(Rs.) 198.40
OPEN PRICE (Rs.) 198.00
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 194.05 (603 )
VOLUME 7233291
TODAY'S LOW / HIGH(Rs.) 191.65 198.40
52 WK LOW / HIGH (Rs.)132.5 296.75

Company News

Date Heading Details
13-Jul-2020 JSW Steel to reduce capex target by 45% for FY21 <p align="justify">JSW Steel has decided to reduce its Capital expenditures (capex) target by about 45 percent to Rs 9,000 crore for 2020-21 against its earlier plan of spending Rs 16,340 crore, due to the lockdown and its subsequent extensions, project activity at various sites were severely constrained by the non-availability of required manpower and material. At 9,000 crore, the capex target is about 12 percent lower compared to the company's Rs 10,200-crore spend during 2019-20. </p><p align="justify">The company has undertaken a detailed exercise to prioritise all planned and discretionary spends. The objective is to conserve liquidity, ensure that strategic projects which are in advanced stages of completion are commissioned on priority basis. </p><p align="justify">JSW Steel is one of the largest steel manufacturing companies in India having units in Karnataka and Maharashtra producing crude steel, long steel and flat steel products.<br></p>
13-Jul-2020 JSW Steel spurts on the bourses <p align="justify">JSW Steel is currently trading at Rs. 198.00, up by 4.70 points or 2.43% from its previous closing of Rs. 193.30 on the BSE.<p align="justify">The scrip opened at Rs. 196.00 and has touched a high and low of Rs. 198.80 and Rs. 195.50 respectively. So far 527444 shares were traded on the counter.<p align="justify">The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 296.65 on 14-Feb-2020 and a 52 week low of Rs. 132.50 on 03-Apr-2020.<p align="justify">Last one week high and low of the scrip stood at Rs. 202.60 and Rs. 190.30 respectively. The current market cap of the company is Rs. 47776.36 crore.<p align="justify">The promoters holding in the company stood at 42.71%, while Institutions and Non-Institutions held 22.03% and 35.26% respectively.<p align="justify">JSW Steel has decided to reduce its Capital expenditures (capex) target by about 45 percent to Rs 9,000 crore for 2020-21 against its earlier plan of spending Rs 16,340 crore, due to the lockdown and its subsequent extensions, project activity at various sites were severely constrained by the non-availability of required manpower and material. At 9,000 crore, the capex target is about 12 percent lower compared to the company's Rs 10,200-crore spend during 2019-20.<p align="justify">The company has undertaken a detailed exercise to prioritise all planned and discretionary spends. The objective is to conserve liquidity, ensure that strategic projects which are in advanced stages of completion are commissioned on priority basis.<p align="justify">JSW Steel is one of the largest steel manufacturing companies in India having units in Karnataka and Maharashtra producing crude steel, long steel and flat steel products.</p>
13-Jul-2020 Reliance Industries, Infosys and IRB Infrastructure Developers to see some action today <p align="justify">Qualcomm Ventures, the investment arm of Qualcomm Incorporated, an industry leader in wireless technologies, has committed to invest upto Rs 730 crore in Jio Platforms, a wholly-owned subsidiary of <strong>Reliance Industries</strong>, at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16&nbsp; lakh crore. Qualcomm Ventures' investment will translate into 0.15% equity stake in Jio Platforms on a fully diluted basis. The investment will deepen the ties between Qualcomm and Jio Platforms, to support Jio Platforms on its journey to rollout advanced 5G infrastructure and services for Indian customers.</p><p align="justify"><strong>Infosys</strong> has entered into strategic partnership with Old National Bancorp that will enable faster adoption of digital solutions, modernize ONB's existing technology infrastructure, and enhance both the client and employee experience. Infosys will provide best-in-class digital solutions to help transform Old National Bank's technology landscape. The technology enhancement will drive digital transformation and innovation, and provide advanced automation capabilities to increase speed to market and deliver a consistent and superior ONB experience.</p><p align="justify"><strong>IRB Infrastructure Developers</strong> has emerged as a preferred bidder for the project of '6 Laning of National Corridor NH-19 from Palsit to Dankuni (up to NH-6 Connector) from km. 588.870 to km. 652.700 (total design length 63.830 km) in the State of West Bengal under Bharatmala Pariyojana to be executed on BOT (Toll) basis'. This marks entry of the company into the ninth State, West Bengal. The concession period of the project is 17 years including construction period of 910 days. Total project cost as estimated by NHAI (TPC) is Rs. 2193.23 crore.</p><p align="justify"><strong>Biocon</strong> has received the Drugs Controller General of India's (DCGI) approval to market Itolizumab (ALZUMAb) Injection 25mg/5mL solution for emergency use in India for the treatment of cytokine release syndrome (CRS) in moderate to severe ARDS (acute respiratory distress syndrome) patients due to COVID-19. Itolizumab is the first novel biologic therapy to be approved anywhere in the world for treating patients with moderate to severe COVID-19 complications. </p><p align="justify"><strong>BASF India</strong> has received approval from Board of Directors to acquire 100% stake in BASF Performance Polyamides from BASF Nederland B.V. and BASF SE, for a consideration of an amount not exceeding Rs 305 crore. The acquisition of BASF Performance Polyamides would strengthen the company's position as a solution provider for key industries and would enhance market access to key growth markets. It would help the company in expanding its existing ‘Materials' segment and extend value chain through backward integration into key raw materials. </p><p align="justify"><strong>Rashtriya Chemicals and Fertilizers</strong> (RCF) has introduced a Hand Cleansing IPA Gel RCF SAFEROLA in the market as part of its effort to control spread of coronavirus disease. This hand cleansing gel is a skin friendly moisturizer based hand-sanitiser, which contains Iso Propyl Alcohol (IPA) and Aloe Vera extract. It is enriched with Vitamin-E and has a fresh lime fragrance. The company has made available this hand cleansing gel in easy to carry non spillable 50 ml and 100 ml bottles at a reasonable price of Rs 25 and Rs 50 per bottle, respectively. RCF proposes to market this product through its country wide distribution network.</p><p align="justify"><strong>Alembic Pharmaceuticals</strong> is looking at enhancing profitability of its domestic business and expects it to grow in double digits in the current financial year (FY21) with focus on high-margin products. The drug firm has already started witnessing an uptick in domestic business with new product strategy in place. The company aims to grow its presence in the specialty and chronic therapy segments.</p><p align="justify"><strong>JSW Steel</strong> has decided to reduce its capex target for 2020-21 by about 45 percent to Rs 9,000 crore against its earlier plan of spending Rs 16,340 crore, due to the lockdown and its subsequent extensions, project activity at various sites were severely constrained by the non-availability of required manpower and material. At 9,000 crore, the capex target is about 12 percent lower compared to the company's Rs 10,200-crore spend during 2019-20.<br></p>
10-Jul-2020 Moody's retains JSW Steel's rating at Ba2 with negative outlook <p align="justify">Moody's Investors Service has retained the JSW Steel's rating at Ba2 with Outlook revised to Negative. Corporate Family Rating (CFR) - Ba2; Negative (Revised from Ba2 placed under rating downgrade; Ratings under review). Senior Unsecured Debt Rating - Ba2; Negative (Revised from Ba2 placed under rating downgrade; Ratings under review).<p align="justify">JSW Steel is one of the largest steel manufacturing companies in India having units in Karnataka and Maharashtra producing crude steel, long steel and flat steel products.</p>
10-Jul-2020 Allotment of Debentures Quarterly Results & Inter alia, for considering raising of long term funds through issuance of Redeemable Non-Convertible Debentures.
03-Jul-2020 JSW Steel reports 2.96 million tons crude steel production in Q1FY21 <P align=justify>JSW Steel reported 2.96 million tons crude steel production for Q1FY21. The average capacity utilisation dropped to 76% in June 2020, primarily due to a fall in production at Vijayanagar Works. Out of the total output, the production of rolled products (flat) stood at 2.05 lakh tons and the production of rolled products (long) stood at 0.45 lakh tons for Q1FY21.<BR><P align=justify>JSW Steel is one of the largest steel manufacturing companies in India having units in Karnataka and Maharashtra producing crude steel, long steel and flat steel products.<BR>
19-Jun-2020 JSW Steel informs about disclosure <P align=justify>JSW Steel has informed that the exchange has received disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares &amp; Takeovers) Regulations, 2011 on June 19, 2020 for JTPM Metal Traders.<BR><P align=justify>The above information is a part of company's filings submitted to BSE.<BR>
05-Jun-2020 JSW Steel raises Rs 1000 crore through NCDs <P>JSW Steel has raised Rs 1000 crore through rated, listed, unsecured, redeemable, non-convertible debentures (NCDs) and allotted 10,000, 8.50% NCDs bearing a face value of Rs 10 lakh on private placement at par to the investor identified. The Committee of Directors of the Issuer at its meeting held on June 05, 2020 has allotted and approved the same.<P>JSW Steel is one of the largest steel manufacturing companies in India having units in Karnataka and Maharashtra producing crude steel, long steel and flat steel products.<BR>
05-Jun-2020 JSW Steel soars on raising Rs 1000 crore through NCDs <P align=justify>JSW Steel is currently trading at Rs. 198.05, up by 6.00 points or 3.12% from its previous closing of Rs. 192.05 on the BSE.<P align=justify>The scrip opened at Rs. 196.00 and has touched a high and low of Rs. 202.35 and Rs. 194.60 respectively. So far 993777 shares were traded on the counter.<P align=justify>The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 296.65 on 14-Feb-2020 and a 52 week low of Rs. 132.50 on 03-Apr-2020.<P align=justify>Last one week high and low of the scrip stood at Rs. 202.35 and Rs. 185.75 respectively. The current market cap of the company is Rs. 47909.31 crore.<P align=justify>The promoters holding in the company stood at 42.71%, while Institutions and Non-Institutions held 22.03% and 35.26% respectively.<P align=justify>JSW Steel has raised Rs 1000 crore through rated, listed, unsecured, redeemable, non-convertible debentures (NCDs) and allotted 10,000, 8.50% NCDs bearing a face value of Rs 10 lakh on private placement at par to the investor identified. The Committee of Directors of the Issuer at its meeting held on June 05, 2020 has allotted and approved the same.<P align=justify>JSW Steel is one of the largest steel manufacturing companies in India having units in Karnataka and Maharashtra producing crude steel, long steel and flat steel products.
02-Jun-2020 JSW Steel reports crude steel production of 12.48 lakh tonnes in May <P align=justify>JSW Steel has reported crude steel production at 12.48 lakh tonnes for May 2020, clocking an average capacity utilisation of around 83% for the month. Out of the total output, the production of rolled products (flat) stood at 9.05 lakh tonnes and the production of rolled products (long) stood at 2.00 lakh tonnes for the month of May 2020.<P align=justify>JSW Steel is one of the largest steel manufacturing companies in India having units in Karnataka and Maharashtra producing crude steel, long steel and flat steel products.