- Tag results for JSW Steel
India’s steel sector consolidation will drive improvement in the industry’s capacity utilisation levels and mute the pressure on profitability, Moody's said.
JSW Steel has emerged as the front-runner to acquire the stressed Bhushan Power and Steel, with a revised offer of Rs 19,700 crore in the final round of bidding, sources said.
Its consolidated earnings before interest, tax, depreciation and amortisation nearly doubled YoY to Rs 5,105 crore, while margin increased from 17.3 per cent to 24.8 per cent, over 700 basis points.
JSW Steel has signed a deal with Algeria’s Cevital Group to buy Italy’s second largest steel plant Aferpi, formerly known as Lucchini, and two other facilities for a cash consideration of 55 million e
Amid the incoming US import tariffs on steel and aluminum, homegrown JSW Steel, on Monday said its US unit will invest up to $500 million to expand its Texas operations.
Tata Steel and India's biggest domestic steelmaker JSW Steel Ltd were the two primary industry bidders for the acquisition of Bhushan Steel.
The Sajjan Jindal-controlled JSW Steel has sought permission to acquire 2,980 acres to set up a mega steel plant at Paradip in Odisha and has also sought the green nod for the same.
Shares of JSW Steel today ended 0.19 per cent higher at Rs 290.15 apiece on the BSE.
The third straight price hike in three months by both state-run and private iron ore producers is starting to drive up the value of steel products.
Total income grew to Rs 16,857 crore during the July- September period from Rs 14,451 crore in the year-ago quarter.
The decline was attributed to flat crude steel production and higher prices of inputs like iron ore, fluxes and power.