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JSW Steel gains on aiming at inorganic, organic growth

17 Jul 2018 Evaluate

JSW Steel is currently trading at Rs. 308.35, up by 0.90 points or 0.29% from its previous closing of Rs. 307.45 on the BSE.

The scrip opened at Rs. 306.00 and has touched a high and low of Rs. 308.80 and Rs. 302.25 respectively. So far 155858 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 346.40 on 07-Jun-2018 and a 52 week low of Rs. 209.00 on 24-Jul-2017.

Last one week high and low of the scrip stood at Rs. 320.50 and Rs. 306.15 respectively. The current market cap of the company is Rs. 74377.87 crore.

The promoters holding in the company stood at 41.75%, while Institutions and Non-Institutions held 38.26% and 19.99% respectively.

JSW Steel is aiming at inorganic growth in both domestic and international markets and as well as organic growth. The company is also planning to make capital expenditure of Rs 45,000 crore in the domestic market by FY21 to expand capacities at Vijayanagar and Dolvi units and modernise and expand capacities of downstream businesses.

These expansions the company will further enhance efficiencies and completion of these project will take overall capacity from 18 mtpa to 24.7 mtpa by March 2020.

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

1232.75 9.10 (0.74%)
03-Jul-2026 13:49 View Price Chart
Peers
Company Name CMP
Tata Steel 190.85
JSW Steel 1232.75
Steel Authority 169.80
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