JSW Steel rises on getting nod to set up plant in Jharkhand

JSW Steel Ltd. | Steel & Iron Products | Metals & Mining | BSE: 500228 | NSE: JSWSTEEL

28 Jun 2016 Evaluate

JSW Steel is currently trading at Rs. 1425.00, up by 37.15 points or 2.68% from its previous closing of Rs. 1387.85 on the BSE.

The scrip opened at Rs. 1387.00 and has touched a high and low of Rs. 1433.00 and Rs. 1380.00 respectively. So far 60257 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1449.00 on 15-Jun-2016 and a 52 week low of Rs. 801.00 on 28-Jul-2015.

Last one week high and low of the scrip stood at Rs. 1406.95 and Rs. 1332.00 respectively. The current market cap of the company is Rs. 34602.51 crore.

The promoters holding in the company stood at 41.48%, while Institutions and Non-Institutions held 37.23% and 21.29% respectively.

JSW Steel, one of India's largest steel groups, has received the environmental clearance for setting up an integrated steel unit and captive power plant in Jharkhand. The green clearance has been given subject to some conditions based on the recommendations of the government's Expert Appraisal Committee (EAC).

As per the proposal, the company will set up a 10 MTPA capacity integrated steel unit and a 900 mw captive power plant as well as a township spread across over 3,800 acres in seven villages near Sonahatu block in Ranchi. The project is estimated to cost Rs 35,000 crore and generate additional 20,000-30,000 indirect jobs.

JSW Steel is part of the JSW group which, in turn, is a part of the O P Jindal group. JSW Steel is one of the largest steel manufacturing companies in India having units in Karnataka and Maharashtra producing crude steel, long steel and flat steel products. The company has posted a jump of around three fold in its consolidated net profit after taxes, Minority Interest & Share of Profit of Associates at Rs 171.25 crore for the quarter ended March 31, 2016 as compared to Rs 62.38 crore for the corresponding quarter in the FY15.

JSW Steel Share Price

1245.55 21.15 (1.73%)

10-Jul-2026 16:59 View Price Chart

Peers

Company Name	CMP
Tata Steel	191.15
JSW Steel	1245.55
Steel Authority	168.05
Jindal Stainless	715.90
APL Apollo Tubes	1835.15
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