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JSW Steel hits new high on hope of strong recovery in operating ...
Fri, 02 Apr 2021 00:00:00 GMT
Shares of JSW Steel, on Thursday, rose 5 per cent and hit a new high of Rs 490.95 on the BSE in intra-day trade after credit ratings agency Moodys Investors Service changed the outlook on all ratings of the companys instruments to stable from negative, led by strong recovery in operating performance. Moodys, on Wednesday, has affirmed the JSW Steels Ba2 corporate family rating (CFR) and the Ba2 rating on the senior unsecured notes issued by the steel major. The rating agency also

JSW Steel commences production of hot-rolled plates from Dolvi ...
Thu, 01 Apr 2021 00:00:00 GMT
JSW Steel has commenced production of Hot-rolled plates from the new 5 million tonne per annum hot strip mill facility at its Dolvi Works, the company said in a BSE

JSW transfers Rs 19,350 cr to complete acquisition of Bhushan ...
Sat, 27 Mar 2021 00:00:00 GMT
JSW Steel was chosen the winning bidder for BPSLs assets in September 2019, and the resolution plan was approved by NCLT soon after. The company offered to pay Rs 19,350 crore to the financial creditors, with the lenders taking a nearly 60% haircut. Apart from this, JSW had offered to pay Rs 350 crore to operational creditors, against their admitted claims of Rs 700

JSW Steel plans to achieve 45 MTPA capacity well before 2030 ...
Fri, 26 Mar 2021 00:00:00 GMT
In a letter to BPSL employees, JSW Group Chairman Sajjan Jindal said your contribution will be key in bolstering our ambitious growth plans of achieving 45 MTPA capacity well ahead of the 2030 timeline. The synergies we draw will also play a pivotal role in transforming the lives of millions of our

JSW Steel completes acquisition of remaining 26.45% stake of ...
Fri, 26 Mar 2021 00:00:00 GMT
The company has now completed the acquisition by acquiring the aforesaid balance 26.45 per cent of the issued and paid-up share capital of JSW Vallabh Tinplate Pvt Ltd, the filing

NCLAT rejects Interups' plea in ACCIL insolvency matter; says ...
Tue, 16 Mar 2021 00:00:00 GMT
The National Company Law Tribunal (NCLT) had approved the bid of the Sajjan Jindal-led JSW Steel group firm JSW Steel Coated Products for ACCIL in October last

JSW Steel crude steel production at 1.3 mn tn in Feb, down 1% ...
Fri, 12 Mar 2021 00:00:00 GMT
JSW Steel, the flagship business of 12 billion dollar JSW Group, on Thursday reported crude steel production of 13.06 lakh tonnes in February, down by one per cent from 13.2 lakh tonnes in the same month of previous year. The average capacity utilisation was 93 per cent, it said in a statement. The production of flat rolled products totalled 9.27 lakh tonnes in February, down 6 per cent from 9.82 lakh tonnes in the year-ago period. But the production of long rolled products rose dramatically

Sanjay Singal files fresh plea seeking stay on BPSL deal even ...
Sun, 07 Mar 2021 00:00:00 GMT
This fresh application is seeking interim relief till his main application against JSW is heard. It remains to be seen whether the court takes it up, said a person familiar with the

BPSL lenders approve JSW Steel's proposal, Rs 19,350 crore to ...
Sat, 06 Mar 2021 00:00:00 GMT
JSW Steel had offered to pay Rs 19,350 crore to the financial creditors, with the lenders taking nearly a 60% haircut on the dues. Apart from this, JSW had offered to pay Rs 350 crore to operational creditors against their admitted claims of Rs 700

Indian steel prices begin to fall but Chinese demand holds the ...
Fri, 05 Mar 2021 00:00:00 GMT
Steel prices appear to be heading southwards after JSW Steel, one of the largest producers of the metal in the country, cut prices of hot-rolled (HR) and cold-rolled coils by 1000 a tonne in the first week of March. Mint reported in February that steel prices are expected to fall by as much as 10% from their January highs over the next few months, because of a softening of inputs costs, especially of iron ore, and increased competition from cheaper imports with India cutting customs duty on

JSW Steel offers to pay Rs 19,350 crore to BPSL lenders by March-end
Mon, 01 Mar 2021 00:00:00 GMT
In a letter addressed to the committee of creditors (CoC) on Friday, JSW said it is ready to transfer the Rs 19,350 crore before the end of March to complete the deal, pending the litigations around BPSL in the Supreme

Acquisition of Bhushan Power & Steel: JSW Steel poised to ...
Mon, 22 Feb 2021 00:00:00 GMT
A deal may be completed before the end of the current fiscal year, allowing JSW to take over the company while insulating it from any adverse Supreme Court judgement in cases related to BPSL, these people

Number of JSW news reports: 12
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