JSW Steel Limited (JSWSTEEL.NS)

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883.75

-16.35

(-1.82%)

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India markets regulator greenlights JSW Cement IPO after 4-month hold-up

(Reuters) -India's markets regulator has approved JSW Cement's [JSWC.NS] initial public offering, a notification on the regulator's website showed on Monday, four months after it put the IPO on hold for reasons it did not disclose. The cement-making arm of the steel-to-energy JSW group filed for an IPO worth up to 40 billion rupees ($461.52 million) in August, aiming to capitalise on the country's booming stock market and long-term demand growth expectations for the building material. In 2024, 91 large firms went public and raised a record 1.6 trillion rupees via IPOs, according to analytics firm Prime Database, with the bull run expected to continue in 2025.

Reuters 5 hours ago

JSWSTEEL.BO
JSW Steel’s acquisition of Mozambique coal concession stalled due to legal dispute

The deal, which involves the purchase of Minas de Revuboè (MdR), has been put on hold.

Mining Technology 4 days ago

JSWSTEEL.BO
Indian Steel Titan’s Coal Deal Frozen Amid Mozambique Legal Row

(Bloomberg) -- Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here.Most Read from BloombergNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabouts?NYC Condo Owners May Bear Costs of Landmark Green Building LawCan States Hit the Brakes on Runaway Roadbuilding?India’s largest steelmaker has been sid

Bloomberg 5 days ago

JSWSTEEL.BO
India's JSW Steel, SAIL in talks with Mongolia for coking coal shipments, sources say

India's JSW Steel and state-run Steel Authority of India (SAIL) are in talks with Mongolian authorities to import two shipments of coking coal, two sources with direct knowledge of the matter said. JSW Steel, the country's biggest steelmaker by capacity, plans to buy 2,500 metric tons, while SAIL aims to import 75,000 metric tons of the steelmaking raw material from Mongolia, said the sources who requested anonymity as the plans are not public.

Reuters last month

JSWSTEEL.BO

^YH101
India studying temporary tax request on China steel imports, says JSW Group chairman

(Reuters) -The Indian government is studying the request for imposing a temporary tax on China steel imports, the JSW Group chairman said on Wednesday, adding that it could get regulatory approval for the initial public offering of its cement business by January end. "We have been very patient with the steel ministry," said Sajjan Jindal, referring to the industry's requests to the government for protection against the dumping of Chinese steel in the country. "We are trying to convince the government to stop the circumvention of Chinese steel coming via the Free Trade Agreement countries into India," Jindal said on the sidelines of an industry event in Bengaluru.

Reuters last month

JSWSTEEL.BO
India's JSW Steel, POSCO to invest $7.7 billion in Odisha steel plant, sources say

India's JSW Steel and South Korea's POSCO plan to invest 650 billion rupees ($7.73 billion) in their proposed plant in India in the coming years, sources said, part of efforts to capitalise on rising steel demand in the world's fastest-growing major economy. Last week, JSW Steel and POSCO signed an agreement to set up an integrated steel plant with an initial capacity of 5 million metric tons a year. Neither JSW Steel nor POSCO immediately responded to Reuters' emails seeking comments.

Reuters 2 months ago

PKX

JSWSTEEL.BO
JSW Group partners with South Korea’s POSCO to set up steel plant in India

The proposed integrated steel plant is expected to have an initial production capacity of five million tonnes per annum (mtpa).

Mining Technology 2 months ago

PKX

JSWSTEEL.BO
Posco, JSW to build steel plant in India

Demand for steel is growing rapidly in India’s economy, including demand for automotive steel.

Just Auto 2 months ago

PKX

JSWSTEEL.BO
India's JSW Steel inks pact with S. Korea's POSCO to set up steel plant

India's JSW Steel said on Tuesday it has signed a preliminary agreement with South Korea's steel major POSCO to set up an integrated steel plant with an initial capacity of 5 million metric tons a year. JSW Steel, India's largest steelmaker by capacity, will also explore a collaboration with POSCO on battery materials for electric vehicles as well as for renewable energy for the proposed steel plant's requirement, it said.

Reuters 2 months ago

PKX

JSWSTEEL.BO
JSW Steel Ltd (BOM:500228) H1 2025 Earnings Call Highlights: Navigating Challenges with ...

JSW Steel Ltd (BOM:500228) reports robust domestic sales growth and strategic expansions amid global market pressures.

GuruFocus.com 2 months ago

JSWSTEEL.BO
India's JSW Steel posts bigger-than-expected Q2 profit drop, cuts capex

(Reuters) -India's JSW Steel reported a bigger-than-expected slide in second-quarter profit on Friday hurt by weak domestic prices and muted demand and cut its capex spending for the current fiscal year.

Reuters 2 months ago

JSWSTEEL.BO
BHP, JSW and Carbon Clean team up to decarbonise India’s steel

The parties will consider implementing CycloneCC at JSW Steel's Vijayanagar plant in the Indian state of Karnataka.

Mining Technology 3 months ago

JSWSTEEL.BO
SAIC JV to launch luxury auto brand

Targeting the Indian premium market with 'MG Select'

Just Auto 3 months ago

JSWSTEEL.BO

600104.SS
JSW MG Motor India to launch luxury car brand; first car by March 2025

JSW MG Motor India, a joint venture between SAIC Motor and JSW Group, said on Monday it will launch a luxury car brand, aiming to sell its first premium cars by the first three months of 2025. "This move reflects the company's strategic response to opportunities in the premium automotive market," JSW MG Motor India said in a statement. China's SAIC, which owns British MG Motor, and JSW announced the JV in December last year, with the Indian group holding a 35% stake.

Reuters 3 months ago

JSWSTEEL.BO

600104.SS
India's markets regulator puts JSW Cement's $477 million IPO on hold

India's markets regulator has put JSW Cement's recently filed $477 million initial public offering on hold, an update on the regulator's website showed on Monday. The Securities and Exchange Board of India did not give a reason for the decision, and neither SEBI nor the company immediately responded to Reuters' requests for additional details. The cement arm of billionaire Sajjan Jindal's steel-to-energy JSW Group had filed for its IPO in August in a bid to cash in on the country's red-hot equities market and strong demand for the construction material.

Reuters 4 months ago

JSWSTEEL.BO
Indian mining, steelmakers' operating costs could surge after top court ruling, says Fitch Ratings

NEW DELHI (Reuters) -Indian metal and mining companies' operating costs are likely to rise significantly if state governments impose additional mining taxes in the wake of a Supreme Court ruling, Fitch Ratings said in a note on Monday. India's top court late last month upheld the right for state governments to levy taxes on minerals extraction and last week allowed them to do so restrospectively, dating back to April 1, 2005. The case followed a long-running dispute between Indian states and the federal government over states' right to impose taxes on minerals.

Reuters 4 months ago

TATLY

JSWSTEEL.BO
India's JSW Cement files for $477 million public listing

BENGALURU (Reuters) -India's JSW Cement filed draft papers for an initial public offering worth up to 40 billion rupees ($476.7 million) on Friday, aiming to cash in on the country's booming stock market and strong demand for the building material. The company, part of billionaire Sajjan Jindal's steel-to-energy JSW Group, will issue new shares worth up to 20 billion rupees, and existing shareholders are set to sell shares of up to 20 billion rupees, the draft papers showed. This is the group's second IPO in recent times, coming more than a year after its port-operating arm JSW Infrastructure filed for a public offering.

Reuters 4 months ago

JSWSTEEL.BO
India’s JSW Steel to acquire stake in M Res NSW

The acquisition forms part of JSW Steel’s efforts to expand its coal reserves.

Mining Technology 4 months ago

JSWSTEEL.BO
India's JSW Steel to buy $120 million stake in Australian firm to expand coal reserves

India's top steelmaker JSW Steel said on Monday it will buy a 67% stake in an Australian private firm for $120 million in a bid to expand its coal reserves. JSW Steel said it will buy the stake in M Res NSW HCC, an affiliate of coal trading firm M Resources, which along with Singapore's Golden Energy had earlier this year bought South32's Illawarra metallurgical coal business for $1.65 billion. After South32's sale of its coal business is completed, due in September, JSW Steel said it has proposed a contract with Illawarra to purchase hard coking coal in proportion to its indirect interest in Golden Energy and its units.

Reuters 4 months ago

JSWSTEEL.BO

SOUHY
India's JSW Steel CEO says mills in talks with govt on trade measures against imports

The Indian steel industry is in talks with the federal government for trade measures to combat rising imports particularly from China and Vietnam, JSW Steel Chief Executive Jayant Acharya told Reuters on Tuesday. India turned net steel importer in the fiscal year that ended in March and the trend continues with its finished steel imports scaling a five-year high in April and May, according to provisional government data.

Reuters 5 months ago

JSWSTEEL.BO

WHC.AX

Performance Overview

Return	JSWSTEEL.NS	S&P BSE SENSEX
YTD	-1.69%	-2.45%
1-Year	+7.86%	+5.18%
3-Year	+40.33%	+24.82%

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JSW Steel Limited (JSWSTEEL.NS)

India markets regulator greenlights JSW Cement IPO after 4-month hold-up

JSW Steel’s acquisition of Mozambique coal concession stalled due to legal dispute

Indian Steel Titan’s Coal Deal Frozen Amid Mozambique Legal Row

India's JSW Steel, SAIL in talks with Mongolia for coking coal shipments, sources say

India studying temporary tax request on China steel imports, says JSW Group chairman

India's JSW Steel, POSCO to invest $7.7 billion in Odisha steel plant, sources say

JSW Group partners with South Korea’s POSCO to set up steel plant in India

Posco, JSW to build steel plant in India

India's JSW Steel inks pact with S. Korea's POSCO to set up steel plant

JSW Steel Ltd (BOM:500228) H1 2025 Earnings Call Highlights: Navigating Challenges with ...

India's JSW Steel posts bigger-than-expected Q2 profit drop, cuts capex

BHP, JSW and Carbon Clean team up to decarbonise India’s steel

SAIC JV to launch luxury auto brand

JSW MG Motor India to launch luxury car brand; first car by March 2025

India's markets regulator puts JSW Cement's $477 million IPO on hold

Indian mining, steelmakers' operating costs could surge after top court ruling, says Fitch Ratings

India's JSW Cement files for $477 million public listing

India’s JSW Steel to acquire stake in M Res NSW

India's JSW Steel to buy $120 million stake in Australian firm to expand coal reserves

India's JSW Steel CEO says mills in talks with govt on trade measures against imports

Performance Overview