JSW Steel gains on getting nod for allotment of NCDs worth Rs 1000 crore

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

23 Jan 2020 Evaluate

JSW Steel is currently trading at Rs. 267.45, up by 1.65 points or 0.62% from its previous closing of Rs. 265.80 on the BSE.

The scrip opened at Rs. 265.15 and has touched a high and low of Rs. 268.95 and Rs. 264.00 respectively. So far 41934 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 313.40 on 02-May-2019 and a 52 week low of Rs. 201.90 on 29-Aug-2019.

Last one week high and low of the scrip stood at Rs. 279.50 and Rs. 264.00 respectively. The current market cap of the company is Rs. 64612.30 crore.

The promoters holding in the company stood at 42.33%, while Institutions and Non-Institutions held 22.26% and 35.41% respectively.

JSW Steel has received an approval for the allotment of 10,000 rated, listed, secured, redeemable, non-convertible debentures (NCDs) bearing a face value of Rs 10,00,000 each, at par to the investors identified by the Committee at its meeting held on January 22, 2020, aggregating to Rs 1000,00,00,000.

The Proceeds from above allotment will be used for meeting long-term working capital requirements, refinancing of existing debt, general corporate purpose and ongoing capital expenditure.

The Committee of Directors of the Issuer (Board) at its meeting held on January 23, 2020, approved the same.

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

1277.70 -5.60 (-0.44%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
Tata Steel	214.45
JSW Steel	1277.70
SAIL	184.80
Jindal Stainless	755.10
APL Apollo Tubes	1948.80
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