SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

JSW Steel jumps on plans to set up electrical steel manufacturing facility

12 Mar 2012 Evaluate

JSW Steel is currently trading at Rs. 762.90, up by 15.40 points or 2.06% from its previous closing of Rs. 747.40 on the BSE.

The scrip opened at Rs. 759.90 and has touched a high and low of Rs. 771.90 and Rs. 759.90 respectively. So far 61160 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1015.00 on 07-Apr-2011 and a 52 week low of Rs. 464.00 on 20-Dec-2011.

Last one week high and low of the scrip stood at Rs. 790.00 and Rs. 661.30 respectively. The current market cap of the company is Rs. 17124.25 crore.

The promoters holding in the company stood at 37.71% while Institutions and Non-Institutions held 25.47% and 35.44% respectively. 

JSW Steel is planning to set up an electrical steel manufacturing facility of 0.6 MTPA capacity at its integrated steel works at Vijayanagar. Initially, this facility shall produce 0.440 MTPA of cold rolled non-grain oriented (CRNO) grade electrical steel. The company has taken this step in line with its strategy of increasing its portfolio of value added products.

The company will also take sight on the production of cold rolled grain oriented (CRGO) grade in future. On being implemented in a phased manner, JSW envisages of becoming the largest electrical steel producer in the country. The first phase of the facility shall produce 0.2 million tonnes per annum CRNO and which shall be expected to get commissioned in next 24 months from the date of receiving requisite approvals.

JSW and JFE have signed a strategic collaboration agreement in the year, 2010. In line with this agreement, both companies have already entered into agreement to collaborate in automotive steel manufacturing at Vijayanagar works and now intend to extend its collaboration to electrical steel.

JFE is one of the largest integrated steel producers in Japan with extensive experience and access to advanced technologies required for the production of high quality steel products, energy management and environmental management.

JSW aspires to fully equip in order to adhere to the stringent quality standards required electrical steel with the support of JFE.    

JSW Steel Share Price

1239.90 24.35 (2.00%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Tata Steel 212.05
JSW Steel 1239.90
SAIL 173.50
Jindal Stainless 787.90
APL Apollo Tubes 2105.45
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×