JSW Steel Ltd.

BSE: 500228 | NSE: JSWSTEEL
Large Cap | Steel & Iron Products
1230.35
-15.20 (-1.22%)
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JSW Steel surges on aiming 15 MT sales in FY17

Date: 27-07-2016

JSW Steel is currently trading at Rs. 1687.00, up by 27.60 points or 1.66% from its previous closing of Rs. 1659.40 on the BSE.

The scrip opened at Rs. 1666.05 and has touched a high and low of Rs. 1695.00 and Rs. 1666.05 respectively. So far 39570 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1695.00 on 27-Jul-2016 and a 52 week low of Rs. 801.00 on 28-Jul-2015.

Last one week high and low of the scrip stood at Rs. 1695.00 and Rs. 1591.00 respectively. The current market cap of the company is Rs. 40559.75 crore.

The promoters holding in the company stood at 41.48%, while institutions and non-institutions held 37.61% and 20.91%, respectively.

JSW Steel is aiming sales of 15 million tonnes (MT) as well as a production of 15.75 MT per annum (mtpa) in the current financial year. Following the ramp-up of new facilities, the company will be well positioned to deliver around 25% growth in volumes in the coming year.

The firm has completed a few very low-cost and returns-accretive capacity expansion projects at Vijayanagar, Dolvi and Salem in 2015-16.

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.