JSW Steel Ltd.

BSE: 500228 | NSE: JSWSTEEL
Large Cap | Steel & Iron Products
1245.55
21.15 (1.73%)
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JSW Steel gains on receiving NCLT approval for amalgamation plan

Date: 10-06-2019

JSW Steel is currently trading at Rs. 264.15, up by 1.70 points or 0.65% from its previous closing of Rs. 262.45 on the BSE.

The scrip opened at Rs. 264.90 and has touched a high and low of Rs. 267.90 and Rs. 262.85 respectively. So far 164691 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 427.30 on 21-Sep-2018 and a 52 week low of Rs. 256.80 on 11-Feb-2019.

Last one week high and low of the scrip stood at Rs. 276.10 and Rs. 261.20 respectively. The current market cap of the company is Rs. 64104.69 crore.

The promoters holding in the company stood at 42.66%, while Institutions and Non-Institutions held 21.96% and 34.74% respectively.

JSW Steel has received approval from the National Company Law Tribunal (NCLT) for the scheme of amalgamating its four units. The company has merged Dolvi Minerals and Metals with Dolvi Coke, JSW Steel Processing Centres with JSW Steel, JSW Salav with JSW Steel.

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.