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JSW Steel shines on plan to set up Steel processing centre with Marubeni-Itochu Steel

01 Oct 2013 Evaluate

JSW Steel is currently trading at Rs. 739.25, up by 9.50 points or 1.30% from its previous closing of Rs. 729.75 on the BSE.

The scrip opened at Rs. 738.50 and has touched a high and low of Rs. 745.10 and Rs. 716.90 respectively. So far 1,63,000 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. 760.45 and Rs. 707.50 respectively. The current market cap of the company is Rs. 17,869 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, the flagship company of $11 billion Indian conglomerate JSW Group, is planning to set up a Second Steel Processing Center in India's Automobile hub Pune (Maharashtra) with its JV partner Marubeni Itochu Steel Inc Tokyo, (MISI). The first Phase of the project is expected to come on stream by FY-2014 with an installed capacity of 180,000 tonnes per annum and will be scaled upto 360000 tonnes per annum in Phase 2.

The project will be set up at a capital cost of Rs 204 crores and will be funded through 50% equity and 50% debt element. The joint venture company is equipped to process flat steel products such as hot rolled, cold rolled and coated products with a view to offer just in time solutions to the automotive, white goods, construction and other value added segments.

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
Peers
Company Name CMP
Tata Steel 212.05
JSW Steel 1239.90
SAIL 173.50
Jindal Stainless 787.90
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