JSW Steel has received an approval to form a wholly owned subsidiary (WOS) of the company by the name of JSW Utkal Steel or such other name as may be approved by the Registrar of Companies, with an initial investment of up to Rs 150 crore to undertake preliminary studies and for other costs. The Board of the company at its meeting held on October 31, 2017 has approved the same.
The company as a part of its growth strategy proposes to set up a steel plant in the State of Orrisa. Orrisa provides a wonderful opportunity to build one of the World's lowest cost & port based pellet & steel producing facilities and could be the next destination in the company’s growth path to achieve its vision.
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.
| 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.. | |
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.
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.
MoneyWorks4Me ensures this through: