JSW Steel rises on wining 4th iron ore mine in Odisha auctions

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

07 Feb 2020 Evaluate

JSW Steel is currently trading at Rs. 277.15, up by 0.80 points or 0.29% from its previous closing of Rs. 276.35 on the BSE.

The scrip opened at Rs. 275.15 and has touched a high and low of Rs. 279.60 and Rs. 272.95 respectively. So far 79079 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. 279.60 and Rs. 242.55 respectively. The current market cap of the company is Rs. 67126.21 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 bagged fourth iron ore mine in the ongoing auctions in Odisha with the latest win of Jajang block that holds estimated reserves of 39 million tonnes. With the latest catch, an iron ore reserves linkage of more than 1,100 million tonnes has been secured for the company which plans to set up a 12 million tonnes per annum (MTPA) steel plant involving huge investment of around Rs 53,000 crore in Odisha.

Earlier, JSW Steel won Odisha's largest iron ore block, the Nuagaon mine, with estimated reserves of around 790 million tonnes (MT), followed by Narayanposhi iron block with 190 MT reserves and Ganua iron ore mine with 118 MT reserves in the auctions in which players like ArcelorMittal, Vedanta, and Adani also placed bids.

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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