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JSW Steel gains on plan of inking iron ore linkage pact with Odisha Mining Corporation

16 May 2017 Evaluate

JSW Steel is currently trading at Rs. 202.25, up by 0.40 points or 0.20% from its previous closing of Rs. 201.85 on the BSE.

The scrip opened at Rs. 204.85 and has touched a high and low of Rs. 205.05 and Rs. 202.20 respectively. So far 400935 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 207.00 on 11-Apr-2017 and a 52 week low of Rs. 125.40 on 16-May-2016.

Last one week high and low of the scrip stood at Rs. 205.05 and Rs. 189.65 respectively. The current market cap of the company is Rs. 48900.37 crore.

The promoters holding in the company stood at 41.62%, while institutions and non-institutions held 36.85% and 21.52% respectively.

In order to secure supplies for its planned 10-million-tonne mega steel plant, JSW Steel is reportedly planning to enter into long-term iron ore linkage arrangement with Odisha government-owned Odisha Mining Corporation (OMC). The company has committed an investment of Rs 50,000 crore on the steel mill and an additional Rs 3,500 crore on associated infrastructure such as coal and iron ore berths and a slurry pipeline.

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

1273.20 20.65 (1.65%)
06-May-2026 16:59 View Price Chart
Peers
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