The company also informed exchanges about acquiring four mine blocks in the auctions held by the Odisha government in February.
The company has registered a 5 percent year-on-year (YoY) growth in its production of flat rolled products at 2.84MT, as compared to 2.71MT a year ago.
Overall, Nifty can trade in a range of 20 DMA standing around 11,350 mark and 200 DMA placed near 10,800 levels for the coming week.
The company’s output in August 2019 had stood at 12.53 LT, the steel maker said in a statement.
Larsen and Toubro MD SN Subrahmanyan and JSW Steel Chairman Sajjan Jindal took the highest pay cut between 43 and 44 percent
The steelmaker plans to launch an e-marketplace in nine months.
The critical factor is this - can Indian companies and the government keep their foot on the pedal, even after the nationalism fervour subsides.
Mark Bush succeeds John Hritz, who will continue on the company board and assist JSW Steel USA on strategic and other legal matters, the steel company said in a statement.
The ED application filed states that JSW Steel should be held liable for misdeeds of old promoters
Recently this stock has given a major breakout by closing above Rs 201 levels and it is trading with positive trend. A strong line with green color is indicating continuation of the current bullish trend.
With lower coking coal cost and tight controls over fixed costs, JSW Steel’s EBIDTA per tonne is likely to recover
Motilal Oswal is bullish on JSW Steel recommended buy rating on the stock with a target price of Rs 242 in its research report dated July 25, 2020.
ICICI Direct recommended hold rating on JSW Steel with a target price of Rs 210 in its research report dated July 27, 2020.
Though the demand plummeted by over 90 percent in April, it has gradually improved, JSW Steel's Jt MD and Group CFO Seshagiri Rao said
The company had posted a net profit of Rs 1,008 crore during the corresponding quarter of the previous financial year, JSW Steel said in a BSE filing.
Motilal Oswal is bullish on JSW Steel recommended buy rating on the stock with a target price of Rs 242 in its research report dated July 18, 2020.
The effects of the pandemic have led to a sharp decline in steel output in the June quarter but investors are hoping the worst is over
In the company's annual report, JSW Steel CMD Sajjan Jindal said the company has undertaken a detailed exercise to prioritise all planned and discretionary spends.
Parth Jindal said imports from China, at $400 million annually for the JSW Group currently, will be brought down to zero in two years
JSW Steel is the biggest manufacturer after Bajaj Auto to report multiple positive cases
However, on month-on-month basis the production in May was 122 percent higher compared to 5.63 LT in April 2020, which was about 60 percent lower compared to 13.90 LT crude steel JSW Steel had produced in April 2019.