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JSW Steel aims 15 MT sales in FY17

27 Jul 2016 Evaluate

JSW Steel is aiming sales of 15 million tonnes (MT) as well as a production of 15.75 MT per annum (mtpa) in the current financial year. Following the ramp-up of new facilities, the company will be well positioned to deliver around 25% growth in volumes in the coming year.

The firm has completed a few very low-cost and returns-accretive capacity expansion projects at Vijayanagar, Dolvi and Salem in 2015-16.

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.

 

Peers
Company Name CMP
JSW Steel 1236.00
Tata Steel 183.25
Steel Authority 173.20
Jindal Stainless 723.10
APL Apollo Tubes 2118.80
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