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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

JSWs steel production to take a hit in first quarter, says Seshagiri ...
Thu, 27 May 2021 00:00:00 GMT
JSW Steels steel production will take a hit in the first quarter of the current financial year due to the impact of the ban on the usage of oxygen for industrial purposes. The steel consumption is also expected to be lower as localised lockdowns in several parts of the country are impacting demand. However, the companys management is hopeful that the impact will be limited to one quarter and conditions should improve from the second quarter onwards. Seshagiri Rao MVS, joint managing

JSW Steel's counter-cyclical investment has paid off: Rao
Mon, 24 May 2021 00:00:00 GMT
If you see JSW Steel's track record, we always differentiate ourselves as the investor who does investment in the counter-cyclical environmentWe took a capital expansion plan of Rs 48,000 crore for the last three years and we have done it at the right time, Rao said in an interaction with

JSW Steel examining bid for Sanjeev Gupta's British business
Sat, 22 May 2021 09:00:00 GMT
India's largest steel producer, JSW Steel, is considering a bid to buy Liberty Steel in Britain as well as mills elsewhere, two people familiar with the matter told Reuters - , as would-be buyers circle Sanjeev Gupta's global commodities

Questioned by proxy advisory firm, JSPL defers EGM for related ...
Thu, 20 May 2021 00:00:00 GMT
JSPLs plan was to sell 96.43% in its power business, Jindal Power Ltd (JPL), to a privately held company by its promoter Naveen Jindal. The deal value of Rs 3,015 crore has raised shareholder protests. Sources now say the company will come out with a new structure for shareholder

Steel companies ramp up oxygen production as Maharashtra, Delhi ...
Mon, 26 Apr 2021 00:00:00 GMT
JSW Steel has ramped up its capacities to supply around 900 tonnes of liquid medical oxygen per day against 600 tonnes a week earlier. We estimate the total to reach 20,000 tonnes by April-end, the company said in a note on

Number of JSW news reports: 12
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