JSW Steel advances on buzz to jointly bid for take over of Italy’s Ilva steel plant

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

30 Nov 2016 Evaluate

JSW Steel is currently trading at Rs. 1709.45, up by 6.50 points or 0.38% from its previous closing of Rs. 1702.95 on the BSE.

The scrip opened at Rs. 1700.00 and has touched a high and low of Rs. 1719.00 and Rs. 1690.00 respectively. So far 16,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1886.50 on 08-Sep-2016 and a 52 week low of Rs. 892.55 on 01-Dec-2015.

Last one week high and low of the scrip stood at Rs. 1730.45 and Rs. 1610.00 respectively. The current market cap of the company is Rs. 41,321.00 crore.

The promoters holding in the company stood at 41.48%, while Institutions and Non-Institutions held 37.54% and 20.97% respectively.

JSW Steel has reportedly joined one of two investor groups vying to take over Italy’s loss-making Ilva steel plant. The steel firm owned by billionaire Sajjan Jindal has signed an agreement with Italian state lender CDP, businessman Leonardo del Vecchio’s holding company and steelmaker Arvedi to make the bid.

Italy’s government has been trying to find a bidder for the plant, Europe’s largest by output capacity, since taking it over last year in a bid to save jobs and clean up its polluting factories. The world’s largest steel producer Arcelor Mittal has also offered to buy Ilva, in a joint bid with Italy’s Marcegaglia.

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.

JSW Steel Share Price

1294.00 6.90 (0.54%)

18-Jun-2026 16:59 View Price Chart

Peers

Company Name	CMP
Tata Steel	200.55
JSW Steel	1294.00
SAIL	182.10
Jindal Stainless	707.00
APL Apollo Tubes	1860.65
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