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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

Indias JSW Steel to set up $20 mln plant in Kashmir
Wed, 27 Oct 2021 00:00:00 GMT
Indias JSW Steel JSTL.NS said on Monday it was investing some $20 million to set up a steel plant in Jammu and Kashmir the second major spending announcement in as many weeks, as the Indian government pushes for development in the disputed region. The Muslim-majority region is contested between India and Pakistan, which both claim it in full but rule in part. Indian Prime Minister Narendra Modis Hindu nationalist government has urged development in the India-ruled part of Kashmir, where

JSW Steel weighs price hike, surcharge as input costs rise
Mon, 25 Oct 2021 00:00:00 GMT
Globally, many companies in Europe and the US have introduced something called a surcharge where the steel prices fluctuate due to energy or scrap prices...this kind of absorption on cost is not easy for any consumer. Therefore, we are contemplating introducing a surcharge, Seshagiri Rao, JSW Steel's joint managing director, told

JSW Steel reports its highest-ever quarterly profit at 7,179 ...
Sat, 23 Oct 2021 00:00:00 GMT
JSW steel reported its highest-ever consolidated net profit after tax (PAT) at 7,179 crore for the quarter ended September 30. This is an increase of 350% over last year periods profit of 1,595 crore. The company has also clocked its highest-ever quarterly revenue from operations at 32,503 crore in the reporting period. It was 19,264 crore in the corresponding period of last year. During the quarter, JSW Steel operated at a healthy capacity utilization of 91% across its steel-making

India mulls steel price hikes on costlier coal
Mon, 11 Oct 2021 00:00:00 GMT
Rising coal prices coupled with a shortage of coking coal and thermal coal are forcing Indian steel mills to consider a steel price hike for the next quarter. Indian steel giants like JSW Steel and Jindal Steel and Power (JSPL) anticipate a cost-driven price hike. Kallanishnotes from customs data that Indian coking coal imports

JSPL output grows 5%; sales jump 10% in July-September
Thu, 23 Sep 2021 00:00:00 GMT
During the period under review, the company produced 1.93 million tonne (MT) steel, which was 5 percent higher over July-September quarter of financial year 2020-21, Jindal Steel and Power Limited (JSPL) said in a

JSW Steel sets target for reduction in CO2 emissions
Sat, 21 Aug 2021 00:00:00 GMT
JSW Steel has set a target of achieving CO2 emissions of 1.95 tCO2e per tonne of steel by Fiscal 2030, which is a 23% reduction from FY20 and 42% reduction from the base year of 2005. The target set for CO2 emissions includes direct emissions (Scope 1) and energy indirect emissions (Scope 2) from its operating integrated steel plants at Vijayanagar, Dolvi and Salem and follows the Sustainable Development Scenario (SDS) pathway for Indian Steel Industry as proposed by the International Energy

JSPL shareholders give nod to sell 96.42% stake in Jindal Power ...
Sun, 08 Aug 2021 00:00:00 GMT
Jindal Power stake sale to Worldone has been approved by the JSPL shareholders at EGM (extraordinary general meeting) held on September 3, 2021, the source told

JSW Steel's crude steel production up 62% yoy to 4.93 MT
Sat, 10 Jul 2021 00:00:00 GMT
JSW Groups combined crude steel production was at 5.07 million tonnes, registering a growth of 65% y-o-y, including the production jointly controlled entities viz Bhushan Power and Steel Ltd and JSW Ispat Special Products Ltd, the company said in a

Steel makers clock year-on-year increase in production
Wed, 07 Jul 2021 00:00:00 GMT
Among other steel plants, JSW Steel has reported a 10% jump in production in May. However, the company has increased long steel production to 55%, denoting a recovery in infrastructure and

Steel companies likely to add 29 million tonnes capacity in five ...
Fri, 28 May 2021 00:00:00 GMT
Steel companies are looking to restart expansion projects on the back of surging steel prices. In the next five years, about 29 million tonnes capacity is likely to be added, with most of it expected by FY2024. JSW Steel is looking to add 14.8 million tonnes across Dolvi (Maharashtra), Vijaynagar (Karnataka) and at Bhushan Power & Steel facility in Jharsuguda (Odisha). Tata Steel has restarted its five million tonne expansion project at Kalinganagar (Odisha). Jindal Steel & Power

Number of JSW news reports: 12
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