JSW Steel Ltd.

JSW Steel is currently trading at Rs 752.90, up by 10.40 points or 1.40% from its previous closing of Rs 742.50 on the BSE.

The scrip opened at Rs 745.00 and has touched a high and low of Rs 754.00 and Rs 743.05 respectively. So far 20092 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 885.00 on 17-Feb-2012 and a 52 week low of Rs 464.00 on 20-Dec-2011.

Last one week high and low of the scrip stood at Rs 754.00 and Rs 715.10 respectively. The current market cap of the company is Rs 16711.48 crore.

The promoters holding in the company stood at 38.05% while Institutions and Non-Institutions held 25.91% and 36.04% respectively.

JSW Steel, private steelmaker has decided to raise $600 million via overseas borrowings by March next year to prepay part of its rupee loan. In June, central bank has permitted Indian companies to raise dollar loans for prepaying rupee loans. As on September 30, 2012, JSW's total long term borrowings stood at about Rs 15,149 crore as on September 30, 2012.

Company’s crude steel production in October 2012 increased by 34% at 7.62 lakh tonnes against 5.70 lakh tonnes in October 2011. The steel maker has reported the production of rolled products - flat at 4.42 lakh tonnes an increase by 2% on year on year basis and that of rolled long products at 1.65 lakh tonnes, an increase of 78%.