JSW Steel Ltd.

Steel stocks were trading with traction on the bourses at this point of time, as the Union Steel Minister Chaudhary Birendra Singh has claimed that the country will be ranked after Japan and America in steel production in December this year as a result of the Prime Minister's various initiatives like Skill India, Startup India and Make in India.

JSW Steel is currently trading at Rs 1744.45, up by 19.25 points or 1.12% from its previous closing of Rs 1725.20 on the BSE. The scrip opened at Rs 1726.00 and has touched a high and low of Rs 1755.00 and Rs 1726.00 respectively. So far 19328 shares were traded on the counter.

Tata Steel is currently trading at Rs 361.55, up by 2.50 points or 0.70% from its previous closing of Rs 359.05 on the BSE. The scrip opened at Rs 359.50 and has touched a high and low of Rs 362.80 and Rs 355.40 respectively. So far 314978 shares were traded on the counter.

Jindal Steel & Power is currently trading at Rs 82.10, up by 0.65 points or 0.80% from its previous closing of Rs 81.45 on the BSE. The scrip opened at Rs 81.10 and has touched a high and low of Rs 82.90 and Rs 81.10 respectively. So far 380463 shares were traded on the counter.

Initiatives like Skill India, Startup India and Make in India will not only generate employment opportunities, but will also strengthen the economy. Small industrial units should be promoted so that a large number of job opportunities are created and production cost can be brought down, Singh said.

Moreover, Rajasthan Energy Minister Pushpendra Singh said the state government is trying to improve the conditions of power DISCOMs and the state will have surplus power by 2018.