JSW Steel Ltd.

BSE: 500228 | NSE: JSWSTEEL
Large Cap | Steel & Iron Products
1245.55
21.15 (1.73%)
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JSW Steel moves up on plan to raise Rs 10,000 crore in FY18

Date: 06-06-2017

JSW Steel is currently trading at Rs. 191.05, up by 0.55 points or 0.29% from its previous closing of Rs. 190.50 on the BSE.

The scrip opened at Rs. 191.10 and has touched a high and low of Rs. 191.95 and Rs. 189.45 respectively. So far 102210 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 209.35 on 17-May-2017 and a 52 week low of Rs. 133.20 on 24-Jun-2016.

Last one week high and low of the scrip stood at Rs. 199.05 and Rs. 189.45 respectively. The current market cap of the company is Rs. 46035.96 crore.

The promoters holding in the company stood at 41.62%, while Institutions and Non-Institutions held 36.85% and 21.52% respectively.

JSW Steel is planning to raise up to Rs 10,000 crore through various financial instruments in the financial year 2017-18. The proceeds would be utilised towards capital expenditure, refinancing of existing loans and other activities. 

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. The company has reported crude steel production of 12.65 MT in February 2017 with a growth of 25% over the corresponding month in 2016.