NSE - Delayed Quote INR

JSW Steel Limited (JSWSTEEL.NS)

968.75

+0.20

+(0.02%)

At close: 3:29:58 PM GMT+5:30

India's top court pauses liquidation of $2.3 billion JSW-Bhushan Power deal

NEW DELHI (Reuters) -India's top court on Monday halted the liquidation proceedings of Bhushan Power and Steel (BPSL), weeks after it rejected JSW Steel's $2.3 billion deal to acquire the firm. The ruling came after JSW Steel and some creditors of Bhushan Power and Steel told the Supreme Court they will be filing a review petition against the order from earlier this month, which quashed its acquisition of Bhushan Power and Steel and ordered liquidation of the firm. JSW Steel's shares hit session's high after the order and were last trading 2.2% higher.

Reuters 10 days ago

JSWSTEEL4.BO
JSW Steel Ltd (BOM:500228) (Q4 FY 2025) Earnings Call Highlights: Record Production and ...

JSW Steel Ltd (BOM:500228) reports robust growth in production and sales, while navigating export declines and legal hurdles.

GuruFocus.com 12 days ago

JSWSTEEL.BO
India's JSW Steel expects improved earnings in current quarter after profit miss

(Reuters) -India's top steelmaker JSW Steel expects improved earnings in the current quarter due to slightly higher steel prices, it said on Friday, after fourth-quarter profit missed estimates on weak pricing. "Price increases in March and April will reflect in first-quarter realisations," said CEO Jayant Acharya in a post-earnings call, adding that a drop in costs of coking coal — a key raw material — will also help the current quarter's earnings. Earlier in the day, the company posted consolidated net profit of 15.03 billion rupees ($176 million) for the three months ended March 31, below analysts' estimate of 15.66 billion rupees, as per data compiled by LSEG.

Reuters 12 days ago

JSWSTEEL.BO
Analysis-Indian court's reversal of $2.3 billion deal casts shadow on bankruptcy law

NEW DELHI (Reuters) -A decision by India's Supreme Court to quash a $2.3-billion steel industry deal six years after an insolvency tribunal approved it has unsettled buyers of distressed assets, throwing a shadow over one of the country's biggest reforms. Seven lawyers and bankruptcy law experts said the unprecedented ruling had set off alarm among potential buyers of other insolvent or bankrupt firms, fanning fears about the certainty of their investments. "Several large international funds ... pursuing Indian distressed assets have put their plans on temporary hold," said Kunal Vajani, joint managing partner at Indian law firm Fox & Mandal.

Reuters 28 days ago

JSWSTEEL.BO
India’s Supreme Court cancels JSW Steel’s acquisition of Bhushan Power

The court ordered the liquidation of Bhushan Power, citing failures in the insolvency process managed by the insolvency administrator and the lenders' panel.

Power Technology last month

JSWSTEEL.BO
India government finalising response to top court scrapping JSW Steel-Bhushan deal, official says

MUMBAI (Reuters) -The Indian government has discussed with banks a court order that scrapped JSW Steel's four-year-old buyout of Bhushan Power and Steel, and is finalising a response, a government official said on Monday. The Supreme Court, on Friday, nullified JSW's takeover of Bhushan Steel, finalised four years ago under the country's insolvency law, and instead ordered the company's liquidation, affecting the deal's bankers, who had already been paid.

Reuters last month

JSWSTEEL.BO
Top Indian court scraps JSW Steel's bid to acquire Bhushan Power, case lawyers say

NEW DELHI (Reuters) -India's top court on Friday rejected JSW Steel's resolution plan to acquire Bhushan Power and Steel four years after the takeover was completed, and ordered the liquidation of the debt-ridden firm, two lawyers involved in the case said. The insolvency administrator and the lenders panel, which ran the insolvency process, failed to discharge their duties in line with the law, one of the lawyers said, citing the Supreme Court's verbal order. On Friday, news channel CNBC-TV18 reported the Supreme Court saying that JSW Steel's plan to acquire Bhushan Power was "illegal" and should not have been accepted by the latter's committee of creditors.

Reuters last month

JSWSTEEL.BO

PNB.NS
India's JSW Steel faces challenges importing coking coal from Mongolia, sources say

NEW DELHI (Reuters) -JSW Steel, India's largest steelmaker by capacity, has hit a roadblock in sourcing coking coal from Mongolia due to unresponsive suppliers and transport bottlenecks, three sources familiar with the matter said. The company had aimed to import 2,500 metric tons from Mongolia, while the Steel Authority of India was looking to bring in 75,000 metric tons. India, the world's second-largest producer of crude steel, meets 85% of its coking coal requirements through imports, with Australia supplying more than half of those shipments.

Reuters last month

JSWSTEEL.BO

SAIL.NS
India's safeguard steel tariff will help check imports, JSW Steel CEO says

MUMBAI (Reuters) -India's move to levy a 12% temporary tariff on some steel imports will help lower imports to an extent, JSW Steel's chief executive, Jayant Acharya, told Reuters on Thursday. Earlier this week, India, the second-biggest crude steel producer, imposed a temporary tariff, or provisional safeguard duty, on some steel imports for 200 days. This comes as the country's imports of finished steel products rose for a second straight year in fiscal year 2025 -- with imports reaching a nine-year high amid higher shipments from China, South Korea and Japan.

Reuters last month

JSWSTEEL.BO
India court rejects JSW Steel, Trafigura request to clear certain met coke imports

An Indian court has declined requests from JSW Steel and Trafigura to allow certain shipments of a steelmaking raw material, a court order showed, the latest setback after New Delhi's new policy curbing imports rattled the sector. India from January imposed curbs on imports of low-ash metallurgical coke, or met coke, with country-specific quotas to help domestic suppliers. The move unsettled steel majors, like ArcelorMittal Nippon India, who are concerned about the business impact and quality issues with locally produced met coke.

Reuters 2 months ago

JSWSTEEL.BO
India's JSW to set up 0.5 million T capacity copper smelter, source says

India's steel-to-power conglomerate JSW Group plans to set up a 500,000 metric ton capacity copper smelter in the eastern state of Odisha by 2028/29 with feedstock of copper concentrate from Peru and Chile, a source directly aware of the matter told Reuters on Thursday. In January, JSW said it was foraying into the copper business with a 26-billion-rupee ($301.22 million) investment to operate two copper mines from Hindustan Copper for a period of 20 years, with the option to extend it for another decade. The group now plans to set up its own smelter facility in Odisha with an investment of around 120 billion rupees and scale up the capacity to 1 million metric tons by 2033/34, the source said, declining to be identified as details about the proposed smelter are not public.

Reuters 2 months ago

JSWSTEEL.BO
Steel stocks gain as India plans to tax imports

(Reuters) -Shares of Indian steel companies rose on Wednesday, a day after a government body recommended a temporary tax on some steel products in a bid to curb cheap imports amid rising global trade tensions, raising hopes of a boost to the firms' earnings. Industry leader JSW Steel and Tata Steel rose about 3% to be among the top ten gainers on the benchmark Nifty 50 index, which advanced 0.3%. In December 2024, India launched a probe after record imports, largely from China, forced top steel mills to petition the government.

Reuters 2 months ago

JSWSTEEL.BO

^YH101
Navkar Corp Ltd (BOM:539332) Q3 2025 Earnings Call Highlights: Strong Revenue Growth Amidst ...

Navkar Corp Ltd (BOM:539332) reports a robust 22% revenue growth, while navigating market fluctuations and strategic expansions.

GuruFocus.com 4 months ago

JSWSTEEL.BO
JSW to invest $301m in two copper mines in Jharkhand, India

JSW Group secured the contract via a competitive bidding process for a 20-year term, with the possibility of a ten-year extension.

Mining Technology 4 months ago

JSWSTEEL.BO
Tata Steel reports surprise profit on buoyant India sales volume

The company's consolidated net profit dropped about 36% compared with a year earlier to 3.27 billion rupees ($37.9 million) in the quarter ended Dec. 31, due to soft steel prices amid a flood of Chinese imports and weak demand in the European market. It was still a surprise as analysts had estimated a loss of 2.47 billion rupees, per data compiled by LSEG. Sales volume for India, which accounts for 70% of total deliveries, rose 8.4%, as demand for steel at home remained buoyant.

Reuters 4 months ago

^YH101

JSWSTEEL.BO
JSW Steel Ltd (BOM:500228) Q3 2025 Earnings Call Highlights: Record Production Amidst Pricing ...

JSW Steel Ltd (BOM:500228) achieves record steel production and sales, while navigating lower steel prices and regulatory uncertainties.

GuruFocus.com 4 months ago

JSWSTEEL.BO
JSW Group to invest $301 million in India copper mines in non-ferrous foray as steel prices dull

The billionaire Sajjan Jindal-led group has won two blocks of copper mines in the eastern mineral-rich state of Jharkhand from Hindustan Copper for a period of 20 years, with the option to extend it for another decade. "Venturing into non-ferrous metals, particularly copper, is a strategic move," said Parth Jindal, the managing director of JSW Paints and the IPO-bound JSW Cement.

Reuters 4 months ago

JSWSTEEL.BO
JSW Steel misses Q3 profit estimates on lower prices, cooling demand

(Reuters) -India's JSW Steel reported a bigger-than-expected drop in third-quarter profit on Friday as lower prices and tepid demand continued to hurt the country's top steelmaker. Domestic steel mills have grappled with an influx of steel imports from China over the past year, with shipments hitting an all-time high in the April-December period, a 35.4% increase year-on-year. "We expect to achieve 98% of our volume guidance of 28.4 million tonnes in fiscal 2025," CEO Jayant Acharya said on a post-earnings call on Friday.

Reuters 4 months ago

JSWSTEEL.BO
JSW Group to invest $35 billion in India's Maharashtra state

The ports-to-cement JSW conglomerate and the government of the western Indian state of Maharashtra - home to the country's financial hub of Mumbai - signed an agreement on the sidelines of the World Economic Forum, in Davos, Switzerland. The investment will fund facilities for electric vehicle and lithium-ion battery production, steel manufacturing expansion, and renewable energy projects, including solar modules.

Reuters 4 months ago

JSWSTEEL.BO
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 4 months ago

JSWSTEEL.BO

Performance Overview

Return	JSWSTEEL.NS	S&P BSE SENSEX (^BSESN)
YTD	+7.46%	+4.22%
1-Year	+11.15%	+9.49%
3-Year	+79.70%	+46.03%

News

Life

Entertainment

Finance

Sports

New on Yahoo

Yahoo Finance

JSW Steel Limited (JSWSTEEL.NS)

India's top court pauses liquidation of $2.3 billion JSW-Bhushan Power deal

JSW Steel Ltd (BOM:500228) (Q4 FY 2025) Earnings Call Highlights: Record Production and ...

India's JSW Steel expects improved earnings in current quarter after profit miss

Analysis-Indian court's reversal of $2.3 billion deal casts shadow on bankruptcy law

India’s Supreme Court cancels JSW Steel’s acquisition of Bhushan Power

India government finalising response to top court scrapping JSW Steel-Bhushan deal, official says

Top Indian court scraps JSW Steel's bid to acquire Bhushan Power, case lawyers say

India's JSW Steel faces challenges importing coking coal from Mongolia, sources say

India's safeguard steel tariff will help check imports, JSW Steel CEO says

India court rejects JSW Steel, Trafigura request to clear certain met coke imports

India's JSW to set up 0.5 million T capacity copper smelter, source says

Steel stocks gain as India plans to tax imports

Navkar Corp Ltd (BOM:539332) Q3 2025 Earnings Call Highlights: Strong Revenue Growth Amidst ...

JSW to invest $301m in two copper mines in Jharkhand, India

Tata Steel reports surprise profit on buoyant India sales volume

JSW Steel Ltd (BOM:500228) Q3 2025 Earnings Call Highlights: Record Production Amidst Pricing ...

JSW Group to invest $301 million in India copper mines in non-ferrous foray as steel prices dull

JSW Steel misses Q3 profit estimates on lower prices, cooling demand

JSW Group to invest $35 billion in India's Maharashtra state

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

Performance Overview