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JSW Steel surges on reporting decent jump in crude steel production

13 Sep 2013 Evaluate

JSW Steel is currently trading at Rs. 634.20, up by 9.60 points or 1.54% from its previous closing of Rs. 624.60 on the BSE.

The scrip opened at Rs. 624.00 and has touched a high and low of Rs. 638.00 and Rs. 615.30 respectively. So far 64,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 893.75 on 29-Jan-2013 and a 52 week low of Rs. 451.50 on 19-Aug-2013.

Last one week high and low of the scrip stood at Rs. 652.00 and Rs. 550.00 respectively. The current market cap of the company is Rs. 15,330 crore.

The promoters holding in the company stood at 35.83%, while Institutions and Non-Institutions held 24.09% and 40.08% respectively.

JSW Steel’s crude steel production in August, 2013 increased by 29% and stood at 9.85 lakh tonnes against 7.63 lakh tonnes in August, 2012.The production of rolled products (flat) increased by 60% to 8.24 lakh tonnes compared to 5.14 lakh tonnes in July last year. However, the production of rolled products (long) during the month fall by 13% at 1.28 lakh tonnes as compared to 1.48 lakh tonnes in August, 2012.

The Company took shutdown of one of its Corex furnaces for relining and capacity enhancement and the same is expected to recommence production during September 2013. The capacity utilization at Vijayanagar works remains at around 80% due to iron ore shortage caused by inordinate delays in opening Category A & B mines even after Supreme Court order in April 2013 to resume mining operations.

JSW Steel is part of the JSW group which, in turn, is a part of the O P Jindal group. 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

1239.90 24.35 (2.00%)
17-Apr-2026 16:59 View Price Chart
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