JSW Steel surges as its arm gets environmental clearance for Greenfield steel plant in Odisha

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

13 Apr 2022 Evaluate

JSW Steel is currently trading at Rs. 765.45, up by 9.70 points or 1.28% from its previous closing of Rs. 755.75 on the BSE.

The scrip opened at Rs. 756.20 and has touched a high and low of Rs. 781.25 and Rs. 756.20 respectively. So far 113940 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 781.25 on 13-Apr-2022 and a 52 week low of Rs. 566.35 on 24-Feb-2022.

Last one week high and low of the scrip stood at Rs. 781.25 and Rs. 726.05 respectively. The current market cap of the company is Rs. 185026.14 crore.

The promoters holding in the company stood at 44.71%, while Institutions and Non-Institutions held 20.10% and 35.19% respectively.

JSW Steel’s wholly-owned subsidiary -- JSW Utkal Steel has received the environmental clearance (EC) for setting up of a greenfield Integrated Steel Plant (ISP) of 13.2 million tonnes per annum (MTPA) crude steel from the Union Ministry of Environment & Forest and Climate Change (MoEF&CC). The mega project will generate huge employment opportunities in the region, which in turn will boost the economy of Odisha state.

The capital expenditure for the modern, green and environment-friendly integrated steel plant (ISP) project is expected to be approximately Rs 65,000 crore including associated facilities. The phase-wise work for the project will start once the land is handed over to the company by the government of Odisha. The project is one of the largest in the manufacturing sector in the country and MoEF&CC accorded the EC after successful public hearings.

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

1230.40 -0.80 (-0.06%)

25-Jun-2026 16:59 View Price Chart

Peers

Company Name	CMP
Tata Steel	188.70
JSW Steel	1230.40
Steel Authority	170.95
Jindal Stainless	695.10
APL Apollo Tubes	1794.65
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