JSW Steel Ltd

(JSWSTEEL)

JSW Steel Faces Profit Drop Amid New Ventures - 21 Nov, 2024

JSW Steel's net profit plummeted 85% in Q2 FY25, while the company secured preferred bidder status for a mineral block and emphasized green production initiatives.

JSW Steel Secures Key Agreements and Bids - 20 Nov, 2024

JSW Steel Italy signed a €30 million agreement with Metinvest Adria. The company was also declared the Preferred Bidder for Codli Mineral Block XII in Goa, while the chairman mentioned ongoing government discussions regarding a temporary tax on Chinese steel dumping.

JSW Steel Secures Mining Rights and Collaborates with Posco - 19 Nov, 2024

JSW Steel has secured preferred bidder status for the Codli mineral block in Goa, with significant iron ore resources. Additionally, JSW collaborates with Posco in steel and renewable energy sectors. However, the company reported a substantial profit decline due to weak market conditions.

JSW Steel Market Cap Rises by Rs 2,950 Crore - 18 Nov, 2024

JSW Steel shares increased by 1.27% to Rs 951.00, boosting the market capitalization by Rs 2,950 crore to Rs 2,32,562.67 crore. The stock reflects positive momentum in the iron and steel sector.

JSW Steel Expands Capacity and Lowers Costs - 16 Nov, 2024

JSW Steel has commissioned iron ore and coal mines in Karnataka, Odisha, and Goa, reducing costs. The company plans a 5-mtpa expansion at Vijayanagar and another at Dolvi, targeting a 10% volume CAGR over the next five to seven years, aiming to double capacity to 42 mtpa by FY28.

JSW Steel Faces Challenges Amid Strategic Developments - 11 Nov, 2024

JSW Steel navigates challenges with the termination of a coal block agreement, earnings downgrades, and plans for a new plant powered by renewables. CEO highlights rising prices post-import surge.

JSW Steel's Coal Block Bid and Agreement Termination - 10 Nov, 2024

JSW Steel's agreement for the Banai & Bhalumuda coal block was terminated due to unsuitability. However, the company remains the preferred bidder, which could enhance production capacity.

JSW Steel Faces Coal Block Termination, Sees Demand Recovery - 09 Nov, 2024

JSW Steel's coal block development agreement was terminated due to non-payment issues, resulting in forfeiture of bid security. However, the company anticipates improved demand and pricing, initiating price hikes for products in October.

JSW Steel Faces Challenges Amid Market and Legal Developments - 08 Nov, 2024

JSW Steel's stock faced pressure from a Supreme Court ruling on mining royalties, a drop in shares due to market conditions, and the termination of a coal block agreement after a feasibility study deemed it unsuitable.

Trump's Tariff Plans May Benefit Indian Metal Producers - 07 Nov, 2024

V K Vijayakumar from Geojit Financial Services suggests that Trump's anti-China tariffs could positively impact Indian metal producers, including JSW Steel, by increasing export opportunities to the US.

JSW Steel Reports Production Decline Amid New Investment - 06 Nov, 2024

JSW Steel's October 2024 crude steel production fell 1% year-on-year to 22.81 lakh tonnes due to maintenance. The company plans a Rs 65,000 crore investment in an integrated steel plant in Odisha with Posco.

JSW Steel Reports Profit Drop, Shares Surge - 05 Nov, 2024

JSW Steel announced an 85% profit decline due to an exceptional item, while shares surged 3.22%, reflecting positive investor sentiment. The company also plans a significant investment with POSCO in Odisha to meet rising steel demand.

JSW Steel Faces Customs Demand, Partners with Posco - 01 Nov, 2024

JSW Steel received a customs demand notice for ₹18 lakh but plans to appeal. Additionally, it announced a joint steel venture with Posco in India.

DAM Capital Bullish on JSW Steel's Prospects - 31 Oct, 2024

DAM Capital has a bullish outlook on JSW Steel, maintaining a BUY rating with a target price of Rs 1,255, suggesting a potential return of 14%. The firm is optimistic about the steel sector overall, predicting significant returns for top steel stocks.

JSW and Posco to Build Steel Plant in India - 30 Oct, 2024

JSW Group and Posco have announced plans to establish a steel plant in India with an initial capacity of five million tonnes per year, focusing on electric vehicle battery materials and renewable energy.

JSW Steel Partners with POSCO for New Plant - 29 Oct, 2024

JSW Group has signed a MoU with POSCO to establish a 5 million tonnes per annum integrated steel plant in India, emphasizing sustainability and collaboration on battery materials and renewable energy projects.

JSW Steel Faces Profit Decline Amid Challenges - 28 Oct, 2024

JSW Steel's Q2 FY25 results show an 85.43% drop in net profit, attributed to lower income. CEO Jayant Acharya anticipates higher volumes in H2 to boost profitability despite ongoing legal hurdles in Mozambique acquisition.

JSW Steel Reports Significant Profit Decline - 26 Oct, 2024

JSW Steel's net profit for Q2 FY25 plummeted 85% to Rs 404 crore due to declining revenues and a one-time exceptional cost. Revenue fell 11% to Rs 3,964 crore, while EBITDA decreased 31%. Despite a 7% increase in crude steel production, exports dropped significantly. The company anticipates a reduced capex for FY25 due to project adjustments and increased net debt.

JSW Steel Faces Significant Profit Decline in Q2 - 25 Oct, 2024

JSW Steel's Q2 FY25 results show an 85% decline in net profit to ₹404 crore, driven by lower sales realization and a one-time loss. Revenue fell 11% to ₹39,684 crore, missing estimates. Despite improved production, the stock fell over 3% intraday following the earnings report.

JSW Steel Faces Profit-Taking Amid Support Levels - 24 Oct, 2024

JSW Steel has experienced profit-taking after a price peak, approaching key support zones near the 100-day and 20-week SMAs. Mixed technical indicators suggest uncertainty, with strong support in the Rs 945-930 range. If this holds, a short-term rebound to Rs 990 may occur, though significant upside momentum appears limited.