Apr 24, 2017 at 18:06 | Source: Moneycontrol.com
Net Sales are expected to increase by 14.9 percent Q-o-Q (up 51.8 percent Y-o-Y) to Rs 16110 crore, according to HDFC Securities. JSW Steel to report net profit at 880 crore up 21.1% quarter-on-quarter.
Apr 24, 2017 at 13:33 | Source: Moneycontrol.com
Despite a sequential improvement in realization of Rs 1,500-2,000/tonne, Elara Capital expects operating income of steel manufacturers to be hit on the back of higher coal costs. The brokerage expects JSW Steel to be affected the most as it has been hit with both higher coal cost (up by Rs 3,400/tonne) and iron ore cost (up by Rs 200-250/tonne) in Q4.
Apr 24, 2017 at 08:32 | Source: Moneycontrol.com
Higher time frame remains bullish with 'higher top and higher bottom' formation still intact and hence weakness in the short-term towards 9,000 to be a buying opportunity.
Apr 23, 2017 at 11:11 | Source: PTI
"Today we have 18 mt installed capacity which is 15 per cent of the national steel manufacturing capacity of 128 mt. If the country builds 300 mt capacity by 2030, we would like to plan accordingly to maintain our 15 per cent share, which will be 40-45 mt," JSW Steel joint managing director & group CFO Seshagiri Rao told PTI.
Apr 21, 2017 at 11:28 | Source: Moneycontrol.com
The company has expressed interest in acquiring some of the stressed steel-makers, but there has not been much progress on that as banks appear not keen to take a haircut.
Apr 21, 2017 at 11:21 | Source: Moneycontrol.com
While the company is looking at making acquisitions to take its steel capacity to the targeted 40 MT, it wants to keep a tight control over key financial ratios.
Apr 21, 2017 at 11:16 | Source: Moneycontrol.com
While JSW Steel is looking at increasing its capacity to 40 MT over the next decade, companys Joint MD and Group CFO Seshagiri Rao tells Moneycontrol that he doesnt expect inorganic growth to contribute to its expansion plans.
Apr 20, 2017 at 15:45 | Source: PTI
Besides ministry officials, representatives from SBI Capital Markets, JSW Energy, Adani Enterprises, Jindal Steel & Power, Tata Steel, Hindalco Industries and GMR took part in the meeting.
Apr 19, 2017 at 15:23 | Source: CNBC-TV18
Speaking about governments assurance about resolving the NPA mess, Seshagiri Rao, Joint MD and Group CFO of JSW Steel told CNBC-TV18 that there is no specific agenda with regards to steel sector's non-performing assets (NPA) problem.
Apr 18, 2017 at 16:00 | Source: CNBC-TV18
According to Sharmila Joshi of sharmilajoshi.com, one may prefer JSW Steel and Hindalco Industries.