Stay updated with the latest jsw-steel news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on jsw-steel topics.
New Delhi, Apr 8 (PTI) The domestic consumption of finished steel grew by 7-8 per cent to 164 million tonnes in FY26 on the back of increased activity in infrastructure, construction, railways, and manufacturing sectors. The country's crude steel output grew by over 10.7 per cent to around 168.4 million tonnes during the financial year, reflecting sustained industrial momentum. "Domestic demand remained the key growth driver with finished steel consumption (164 MnT), expanding by about 7-8 per ...Read More >
New Delhi: India's steel industry clocked a robust 10.7 per cent year-on-year growth in production at around 168.4 million tonnes during 2025-26, consolidating its position as the world's second-largest producer while navigating global uncertainties and price pressures, according to a statement issued by the Ministry of Steel on Wednesday. Domestic demand remained the key growth driver with finished steel consumption at 164 million tonnes, expanding by about 7-8 per cent, driven by increased ac ...Read More >
MUMBAI: Domestic equity markets opened on a mildly positive note on Monday, even as caution over a possible escalation in the Iran war capped gains after US President Donald Trump warned of "hell" if Tehran fails to meet his Tuesday deadline to reopen the Strait of Hormuz. However, early gains were short-lived. The 30-share Sensex declined by 150 points or 0.21 per cent to 73, 168. Similarly, Nifty was trading at 22, 670, down 42 points or 0.19 per cent in early trade, amid selling pressure in ...Read More >
Mumbai, April 6 (SocialNews.XYZ) Domestic equity markets opened on a mildly positive note on Monday, even as caution over a possible escalation in the Iran war capped gains after US President Donald Trump warned of "hell" if Tehran fails to meet his Tuesday deadline to reopen the Strait of Hormuz. However, early gains were short-lived. The 30-share Sensex declined by 150 points or 0.21 per cent to 73,168. Similarly, Nifty was trading at 22,670, down 42 points or 0.19 per cent in early trade, am ...Read More >
Mumbai, April 6: Domestic equity markets opened on a mildly positive note on Monday, even as caution over a possible escalation in the Iran war capped gains after US President Donald Trump warned of "hell" if Tehran fails to meet his Tuesday deadline to reopen the Strait of Hormuz. However, early gains were short-lived. The 30-share Sensex declined by 150 points or 0.21 per cent to 73,168. Similarly, Nifty was trading at 22,670, down 42 points or 0.19 per cent in early trade, amid selling pressu ...Read More >
JSW Steel share price is steady in trade today afterJapan's JFE Steel Corporation invested Rs 7,875 crore to acquire a 25% stake in JSW Kalinga Steel, marking the first tranche of its investment under the joint venture agreement. JFE is set to invest an additional Rs 7,875 crore to acquire another 25% stake, which will take its total holding to 50%, in line with the joint venture agreement signed between the two companies. "Consequent to the aforesaid allotment and changes to board composition ...Read More >
The company is increasing its stake in an Australian coking coal asset and acquiring a project in Mozambique. Domestically, JSW Steel is expanding iron ore mining in Karnataka and Goa. New mines are set to begin production soon. JSW Steel is ramping up efforts to enhance its in-house raw material availability through a mix of domestic expansion and strategic offshore acquisitions, Joint Managing Director and CEO Jayant Acharya has said. "We continue to strengthen that piece through a well-dive ...Read More >
Bengaluru: The 66th meeting of the State High-Level Clearance Committee (SHLCC), chaired by Chief Minister Siddaramaiah, on Friday approved 13 investment proposals with a total investment of Rs 27,607 crore. The projects are expected to generate around 8,704 direct jobs. The approvals include 11 new investment proposals and two additional investment proposals, according to Industries Minister M B Patil. While the new proposals involve an investment of Rs 27,228.51 crore, the expansion proposals ...Read More >
Mumbai (Maharashtra) [India], October 20 (ANI): The Indian stock market on Monday ended in green territory after trading higher, driven by upbeat quarterly results from top lenders in the financial sector and a rebound in global risk appetite following signs of easing US-China trade tensions. At the end of the trading session today, BSE Sensex settled at 84,363.37, rising 411.18 points or 0.49 per cent while NSE Nifty50 stood at 25,843.15, up by 133.3 points or 0.52 per cent. In today's trade, ...Read More >
Mumbai: Indian stock markets advanced for a fourth straight session on Monday, with the BSE Sensex ending 411.18 points higher at 84,363.37 and the Nifty 50 rising 133.30 points to close at 25,843.15. This upward move was driven by encouraging results from large companies and positive sentiment linked to the festival season. The rally cut short‑term profit‑taking and showed broad‑based participation across key sectors. Technical Breakout Holds Ground, Support Zones Defined Analysts noted that ...Read More >
Mumbai, Oct 20 (SocialNews.XYZ) Indian stock markets continued their upward momentum on Monday, with benchmark indices closing higher for the fourth straight session, supported by gains in banking, IT, and oil and gas stocks. The Sensex ended 411.18 points, or 0.49 per cent, higher at 84,363.37, while the Nifty advanced 133.30 points, or 0.52 per cent, to close at 25,843.15. "From a technical standpoint, Nifty's breakout above 25,660 has now been sustained for the second consecutive session, t ...Read More >
(RTTNews) - Indian shares were little changed in early trade on Friday due to escalating Sino-U.S. tensions and renewed concerns about the U.S. banking sector. The benchmark BSE Sensex was down 7 points at 83,460 while the broader NSE Nifty index was marginally higher at 25,595. Infosys fell 1.6 percent on reporting a 2.2 percent quarter-on-quarter revenue increase in constant currency terms for Q2FY26. Wipro slumped 4.2 percent on reporting a 2.5 percent quarter-on-quarter (QoQ) decline in i ...Read More >
New Delhi, Sep 26 (PTI) JSW Steel on Friday welcomed the Supreme Court's decision of upholding its resolution plan for Bhushan Power and Steel, saying the verdict has reinforced the integrity and sanctity of the Insolvency and Bankruptcy Code (IBC) Earlier, in the day, the Supreme Court upheld JSW Steel's Rs 19,700 crore resolution plan for debt-ridden Bhushan Power and Steel Limited (BPSL), bringing down curtains to a prolonged legal battle that spanned nearly eight years. A bench comprising C ...Read More >
New Delhi: The Supreme Court, on Friday, dismissed appeals challenging JSW Steel's Rs 19,700 crore resolution plan for Bhushan Power and Steel Limited (BPSL). This was in context to the Court's judgement of May 2, 2025, in which the bench of Justice Bela M Trivedi and Justice Satish Chandra Sharma had struck down JSW Steel's plan and ordered BPSL's liquidation under Article 142 of the Constitution. The bench had then held that the Committee of Creditors (CoC) had erred in approving the plan. ...Read More >
Mumbai: Indian stock markets closed with small losses on Tuesday. The Nifty 50 ended the day 33 points lower at 25,170, and the Sensex fell by 58 points to close at 82,102. While most sectors saw mild declines, banking stocks stood out, closing with strong gains. Bank Nifty Gains, Smallcap Outperforms Midcap The Nifty Bank index jumped 225 points, or 0.41 percent, to close at 55,509, showing strength in the financial sector. On the broader market front, BSE Midcap stocks dropped 133 points (0. ...Read More >
Aug 18 (Reuters) - JSW Steel (JSTL.NS), opens new tab and South Korea's POSCO (005490.KS), opens new tab have entered a deal to explore setting up an integrated steel plant in India, the country's largest steelmaker by market capitalisation said on Monday. The steelmakers are yet to finalise the location and its financial details, but flagged that Odisha state is among the key locations being considered for the 6 million tonne per annum (MTPA) capacity plant. Last year, the two companies enter ...Read More >
A three-year safeguard duty on steel imports, initiated by DGTR due to increased imports and declining domestic profits, faces strong opposition. GTRI's report suggests this duty could negatively impact auto, engineering, and construction sectors by raising input costs. Stakeholders argue that the duty will harm export competitiveness and create sourcing challenges, despite domestic steelmakers' profitability. The three-year safeguard duty on steel imports by Directorate General of Trade Remedi ...Read More >
Mumbai/Bangalore: South Korean steelmaker POSCO Holdings and JSW Steel Ltd intend to spend ₹70,000-80,000 crore ($8-9 billion) to set up a 6 million tonne per annum steel plant possibly in Odisha, two executives said. A 900-acre land that JSW Steel purchased in Odisha during the April-June quarter could be used for the project, they said, declining to be identified. JSW Steel chief executive Jayant Acharya had said earlier that no project had been finalised for the land. "This (the land) is c ...Read More >
Ranchi (Jharkhand) [India], August 4 (ANI): The Jharkhand government declared a three-day state mourning, starting Monday, following the passing of the state's former Chief Minister and co-founder of Jharkhand Mukti Morcha, Shibu Soren. "In honour of the late Honourable former Chief Minister-cum-Rajya Sabha MP, the State Government has decided to observe 03 (three) days of state mourning from August 4 to August 6," the message from the Jharkhand government read. Also Read | Kerala Shocker: 47- ...Read More >
Aug 4 (Reuters) - A joint venture between India's JSW Steel (JSTL.NS), opens new tab and Japan's JFE Steel will invest 58.45 billion rupees ($669 million) to expand production capacity of cold rolled grain-oriented electrical steel across two Indian plants to meet growing domestic demand, JSW Steel said on Monday. JSW and JFE will equally fund a combined 19.66 billion rupees for the expansion through equity, JSW Steel said. The added capacity will be commissioned in phases from fiscal year 2028 ...Read More >
Mumbai, Aug 1 (PTI) The Reserve Bank gave its nod for the merger of the troubled New India Co-operative Bank Ltd (NICBL) with Saraswat Co-operative Bank. Acting on a request from both the lenders, who approached the central bank after clearance from their shareholders, RBI sanctioned the Scheme of Amalgamation in exercise of the powers conferred under sub-section (4) of Section 44A read with Section 56 of the Banking Regulation Act 1949, as per an official statement. Saraswat Bank will take ov ...Read More >
New Delhi, July 18 (SocialNews.XYZ) Punjab Governor and Chandigarh Administrator, Gulab Chand Kataria, on Friday discussed critical developmental issues concerning Chandigarh and Punjab, particularly in areas of public transport, tourism infrastructure, and environmental sustainability, with Union ministers here. At a meeting with Minister for Housing and Urban Affairs Manohar Lal Khattar, the Governor raised the pending matter regarding the sanctioning of 328 electric buses for Chandigarh unde ...Read More >
New Delhi, Jul 18 (PTI) JSW Group on Friday said its expansion plan will not be impacted by the Supreme Court order to set aside the acquisition of Bhushan Steel and Power Ltd (BSPL) through the insolvency process. JSW Steel Joint MD and CEO Jayant Acharya, in an earnings call, said that BPSL was not part of the brownfield expansion that the steel company took into account while setting the 50 million tonnes capacity target by 2030-31. "In our 50 MT tonne outlook (expansion) that we have given ...Read More >
Amritsar, July 18 (SocialNews.XYZ) Leader of Opposition in Punjab and Congress lawmaker Partap Singh Bajwa, on Friday demanded that Chief Minister Bhagwant Mann immediately convene an all-party meeting in Amritsar to discuss continuing threats to the Golden Temple through threatening emails. Speaking after paying obeisance at Sri Harmandir Sahib, where he was accompanied by Congress MP Gurjeet Singh Aujla, Sukhwinder Singh Danny Bandala and other Congress leaders, Bajwa said that he met with of ...Read More >
Mumbai: JSW Steel Ltd reported better-than-expected profit for the June quarter, driven by higher production and sales volume as well as lower cost of coking coal, a key ingredient. The steelmaker's first-quarter profit jumped to ₹2,209 crore from Rs.867 in the same quarter a year ago, according to the company's exchange filings. A key reason for this was improved steel prices, primarily due to the government's 12% safeguard duty to protect the industry from cheap steel imports from China. "St ...Read More >
NEW DELHI (Reuters) -India's iron ore imports are expected to rise this year, driven by increased demand from JSW Steel, the country's largest steelmaker by capacity, as falling global prices make overseas purchases more attractive, traders and analysts said. "We expect this year's iron ore imports to be around 8-10 million metric tons, largely by JSW Steel," said Dhruv Goel, chief executive of commodities consultancy BigMint. India's iron ore imports totalled around 6 million tons last year, ...Read More >
Mumbai: The upcoming trading week is expected to be crucial for Indian stock markets as several key events are lined up, including quarterly earnings, retail inflation figures, developments on the US-India trade deal, and global economic indicators. Major companies, such as HCL Tech, Nelco, Tata Technologies, Tejas Networks, AWL Agri Business, HDFC Life, Bank of Maharashtra, ITC Hotels, Axis Bank, HDFC AMC, Indian Hotels, Polycab, Wipro, and JSW Steel are scheduled to announce their Q1 results ...Read More >
Mumbai, July 13 (SocialNews.XYZ) The upcoming trading week is expected to be crucial for Indian stock markets as several key events are lined up, including quarterly earnings, retail inflation figures, developments on the US-India trade deal, and global economic indicators. Major companies, such as HCL Tech, Nelco, Tata Technologies, Tejas Networks, AWL Agri Business, HDFC Life, Bank of Maharashtra, ITC Hotels, Axis Bank, HDFC AMC, Indian Hotels, Polycab, Wipro, and JSW Steel are scheduled to a ...Read More >
New Delhi, Jul 8 (PTI) JSW Steel on Tuesday said its crude steel production increased 14 per cent to 7.26 million tonnes (MnT) in June quarter, compared to 6.35 MnT produced in same period a year ago. However, on a quarter-on-quarter (q-o-q) basis, the production was lower by 5 per cent compared to 7.63 MnT during January-March or last quarter of FY25, primarily due to planned maintenance shutdowns of blast furnaces, JSW Steel said in a filing. Following planned maintenance shutdowns, the blas ...Read More >
Mumbai: Steelmakers who also mine their own iron ore, such as Tata Steel and Steel Authority of India Ltd (SAIL), are likely to see their margins dip more than their peers as prices of both steel and iron ore are on a downward trend, analysts said. This is because of the fixed costs associated with their mines -- in contrast to players like Jindal Steel and Power Ltd and JSW Steel Ltd -- who buy raw material from third party suppliers, thus exporting a part of the margin squeeze to these vendor ...Read More >
Stay updated with the latest None news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on None topics.