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JSW Steel Ltd (JSTL.NS)

JSTL.NS on National Stock Exchange of India

23 May 2017
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Latest Key Developments (Source: Significant Developments)

India's JSW Steel says total CAPEX for next 3 yrs at 268 bln rupees
Wednesday, 17 May 2017 07:38am EDT 

May 17 (Reuters) - India's JSW Steel :Exec says total CAPEX for next 3 yrs is 268 billion rupees.Exec says expect 5 percent demand growth for steel in 2017/18.Exec says looking at Jharkhand and Odisha for greenfield investments for 10 MTPA steel plant.Exec says value added product share in steel production will increase to 40 percent by 2020 by JSW from 34 percent now.  Full Article

India's JSW Steel March-qtr consol profit more than triples
Wednesday, 17 May 2017 06:44am EDT 

May 17 (Reuters) - JSW Steel Ltd :March quarter consol total profit 10.14 billion rupees.JSW Steel Ltd consensus forecast for march -quarter consol profit was 7.76 billion rupees.March quarter consol total income 179.73 billion rupees.Consol total profit in march quarter last year was 2.96 billion rupees as per Ind-AS; consol total income was 118.15 billion rupees.Recommended dividend of 2.25 rupees per equity share.Q4 crude steel production 4.10 million tonnes, up 28 percent.Current quarter marked by headwinds of weak steel demand in domestic market.Sees FY18 estimated crude steel production at 16.50 million tonnes.Sees FY18 estimated saleable steel sales at 15.50 million tonnes.  Full Article

JSW Steel April crude steel production up 7 pct
Tuesday, 9 May 2017 01:48am EDT 

May 9 (Reuters) - JSW Steel Ltd :April crude steel production 1.3 million tonnes, up 7 percent.  Full Article

JSW Steel announces restructuring of subsidiaries' holding structure
Friday, 31 Mar 2017 07:11am EDT 

JSW Steel Ltd : Says restructuring of subsidiaries holding structure . Says reorganisation plan entails capital reduction at Netherlands co level . Says restructuring, consolidation exercise do not entail any sale of co's overseas investments . Says reorganisation plan entails transfer of certain assets,liabilities to Periama Holding LLC in U.S. . Says co continues to have same economic interests in the Netherlands co and its operations in U.S. and Latin America . Says reorganisation plan entails liquidation of JSW Steel Holding USA Inc .Says taken steps to write off loans given to U.S. Hold Co.  Full Article

JSW Steel crude steel production up 25 pct in Feb
Wednesday, 15 Mar 2017 01:06am EDT 

JSW Steel Ltd :Feb crude steel production 1.3 million tonnes, up 25 percent.  Full Article

Arfin India gets 1.07 bln rupees order from JSW Steel
Monday, 6 Mar 2017 06:02am EST 

Arfin India Ltd : Says Arfin India limited bags 1.07 billion rupees order from JSW Steel Limited .Says order for supply to JSW Steel's three units for FY 2017-18.  Full Article

JSW Steel Jan crude steel production up 49 pct
Monday, 6 Feb 2017 12:34am EST 

JSW Steel Ltd :January crude steel production 1.4 million tonnes, up 49 percent.  Full Article

India's JSW Steel exec says U.S. coal mine to start production by end April
Tuesday, 31 Jan 2017 05:47am EST 

India's JSW Steel : Exec says U.S. coal mine to start production by end of April . Exec says inventory benefit has led to higher EBIDTA in last quarter . Exec says would like to maintain market share of over 13 percent in India . Exec says coal mine in the U.S. will produce half a million tonne by next fiscal Further company coverage: [JSTL.NS] (Reporting By Promit Mukherjee in MUMBAI) ((swati.bhat@thomsonreuters.com;)).  Full Article

JSW Steel posts Dec-qtr consol profit
Tuesday, 31 Jan 2017 04:55am EST 

JSW Steel Ltd : Dec quarter net profit 8.19 billion rupees . Dec quarter consol net profit 7.30 billion rupees . Dec quarter consol total income from operations 153.12 billion rupees . Consensus forecast for Dec-quarter consol profit was 4.27 billion rupees . Consol loss in Dec quarter last year was 7.09 billion rupees as per Ind-AS; consol total income from operations was 95.89 billion rupees . Says current quarter marked by drag on steel demand due to liquidity issues after demonetisation . Qtrly crude steel production 3.86 million tonnes, up 43 percent y-o-y . Says trade remedial measures will continue to influence global steel trade . Says in India, rising imports of steel is a cause of concern as domestic steel demand remains weak .The profit alert was first sourced from TV and was later confirmed as standalone profit from a company press release on the NSE.  Full Article

JSW Steel Q3 crude steel production up 43 pct
Monday, 9 Jan 2017 12:45am EST 

JSW Steel Ltd :Says Q3 crude steel production of 3.86 million tonnes, up 43 percent.  Full Article

More From Around the Web


India's JSW Steel lines up $1 billion war chest for acquisitions, mines

NEW DELHI India's biggest steelmaker JSW Steel said it could spend up to $1 billion on capacity expansion or acquisitions this fiscal year, and will bid for iron ore and coking coal mines in upcoming auctions to secure raw material supplies.