JSW Steel Ltd.

JSW Steel is currently trading at Rs. 322.90, up by 4.60 points or 1.45% from its previous closing of Rs. 318.30 on the BSE.

The scrip opened at Rs. 321.45 and has touched a high and low of Rs. 327.60 and Rs. 317.00 respectively. So far 172081 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 346.40 on 07-Jun-2018 and a 52 week low of Rs. 211.40 on 28-Jul-2017.

Last one week high and low of the scrip stood at Rs. 327.60 and Rs. 294.25 respectively. The current market cap of the company is Rs. 79067.28 crore.

The promoters holding in the company stood at 41.75%, while Institutions and Non-Institutions held 38.26% and 19.99% respectively.

JSW Steel is planning to merge recently acquired distressed asset Monnet Ispat & Energy with itself after turning around the company in the next one year. Moreover, the company is looking at acquiring coking coal mines over time, though raw material security is not a core focus area at present.

Further, the company is planning to invest Rs 45,000 crore over a four-year period from FY18 to FY21 to expand its steel making capacities and to modernise and expand capacities of its downstream businesses.

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.