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JSW Steel crude steel production in May jumps 31 per cent
Wed, 15 Jun 2022 00:00:00 GMT
The flagship company of the USD 22 billion JSW Group stated that production of flat-rolled products also expanded by 29 per cent to 12.84 lakh tonnes for the month compared to 9.99 lakh tonnes in the same month last

Export levy batters steelmakers on Dalal Street
Tue, 24 May 2022 00:00:00 GMT
Analysts at brokerages such as CLSA, IIFL Securities and ICICI Securities downgraded stocks such as Tata Steel, JSW Steel and Jindal

Stock market update: Stocks that hit 52-week lows on NSE
Mon, 23 May 2022 00:00:00 GMT
Tata Steel, JSW Steel, Hindalco, ONGC and ITC were among the top losers on NSE.

Sensex falls But these stocks gained over 10% on BSE
Mon, 23 May 2022 00:00:00 GMT
JSW Steel, Tata Steel, Divis Labs, ONGC and Hindalco were among the top losers on NSE in today's trade.

Export duty levy may force steel companies to review capex plans
Mon, 23 May 2022 00:00:00 GMT
This quantity (export) cannot be absorbed in the domestic market as almost all steel producers are affected by the new export duty regime, Seshagiri Rao, JSW Steel's joint managing director, told ET. Capacity utilisation will fall, and consequent reviews of further capex plans are

ED raids JSPL premises in Delhi, Gurugram over forex violation
Mon, 18 Apr 2022 00:00:00 GMT
ED officials visited office premises of Jindal Steel and Power Limited (JSPL) in Delhi and neighbouring Gurugram as part of the investigation being conducted under provisions of the Foreign Exchange Management

Select steel stocks rise on prospects of more price hikes, tight ...
Tue, 29 Mar 2022 00:00:00 GMT
Shares of select steelmakers were in the green on March 28 on prospects of further price hikes in the coming months. At 10:00 am, shares of Ratnamani Metals, Tata Steel, and JSW Steel were up 0.2-1 percent on the National Stock Exchange. The sector got a fillip after brokerage Phillip Capital in a note said that JSW Steel has raised price of Hardness Rockwell C grade steel prices by Rs 2,000 per tonne on March 25 after raising prices by Rs 1,500 per tonne earlier in the month. The successive

SAIL, RINL, NMDC workers join nationwide strike
Tue, 29 Mar 2022 00:00:00 GMT
Over 10,000 non-executive employees of the company are observing the protest at NMDC mines and offices in Madhya Pradesh, Chhattisgarh, Andhra Pradesh, Karnataka and Telangana. J Ayodhya Ram, President of Steel Plant Employees Union (CITU) said workers at RINL plant in Visakhapatnam did not come to work on Tuesday as

Indian steel makers rush to fill supply gap by Russia-Ukraine ...
Fri, 11 Mar 2022 00:00:00 GMT
Steel mills in India are stepping in to fill a supply gap created by Russias invasion of Ukraine, as consumers from Europe to Africa turn to the worlds second-largest producer, as Russias invasion of Ukraine has jeopardized steel supplies from both the major producing nations. It has also pushed companies from Europe, the Middle East and Africa to reach out to Indian producers even as steel prices have jumped 20% in the last one month, according to Jindal Steel & Power (JSPL). There

JSW Steels Q3 show marred by cost pressures
Tue, 25 Jan 2022 00:00:00 GMT
JSW Steels relatively soft performance in the December ended quarter (Q3) compared to previous quarters meant that shares fell more than 4% on Monday. Rising cost pressures and subdued domestic steel realisations had an impact on Q3 earnings. Crude steel production was at 4.41 million tonne in Q3, up 8% sequentially, while average capacity utilisation stood at 94%, with some production coming in from the recently commissioned Dolvi Phase-2 expansion. Helped by rising production, total sales

JSPL steel production rises 9% to 5.9 mn tonnes in April-Dec ...
Wed, 05 Jan 2022 00:00:00 GMT
Jindal Steel and Power Limited (JSPL) said on Tuesday its steel production rose to 5.90 million tonnes during April-December 2021, which is 9 per cent higher than the output recorded in the corresponding period of previous year. We are happy to share that we have been able to achieve production growth of 9 per cent in the first 9 months of FY 2022 and have achieved 8 MTPA for the first time in a calendar year, Managing Director of JSPL V R Sharma said in a statement. The company targets

JSW steel to benefit from expansion-aided volume growth
Sat, 11 Dec 2021 00:00:00 GMT
JSW Steel Ltds reported crude steel production numbers for the month of November marked a growth of 10% year-on-year. The companys flat steel production was up 4% year-on-year while long products saw a strong 13% growth. These numbers exclude trial production from Phase II expansion of Dolvi works for part of the month of November21. Including the same, the growth would have been much stronger. It is the expansions that are likely to drive growth for the company as we move forward. The

Number of JSW news reports: 12
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