SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

JSW Steel production up 39% at 8 lakh tonnes in January

29 Feb 2012 Evaluate

JSW Steel reported 39 per cent jump in crude steel production for January at 8.05 lakh tonnes, largely due to better capacity utilisation at its Vijayanagar plant in Karnataka. The company had produced 5.80 lakh tonnes of steel in January, 2011. The Karnataka plant is producing steel above 80 per cent levels since last December. Supplies of auctioned iron ore have improved and this has led to better utilisation of all the four blast furnaces at the Vijayanagar plant in last two months (December-January). In January, flat steel production went up by 29 per cent to 5.95 lakh tonnes, compared to 4.62 lakh tonnes of the corresponding month of last fiscal. Output of the long product stood at 1.51 lakh tonnes during the month, up 65 per cent from January, 2011.

The Sajjan Jindal-led company had cut down its production levels by up to 70 per cent in the second half of the last year due to iron ore crunch in Karnataka, following a Supreme Court ban on mining in the state. However, it had reported a rise of 19 per cent in production levels for the October-December quarter to 19.39 lakh tonnes, when the iron ore supplies started improving.

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:

×