JSW Steel Ltd.

JSW Steel is currently trading at Rs. 619.40, down by 4.95 points or 0.79% from its previous closing of Rs. 624.35 on the BSE.

The scrip opened at Rs. 621.75 and has touched a high and low of Rs. 624.80 and Rs. 601.00 respectively. So far 216010 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 893.75 on 29-Jan-2013 and a 52 week low of Rs. 566.00 on 24-May-2012.

Last one week high and low of the scrip stood at Rs. 719.00 and Rs. 615.00 respectively. The current market cap of the company is Rs. 13764.10 crore.

The promoters holding in the company stood at 38.05% while Institutions and Non-Institutions held 25.10% and 36.85% respectively.

JSW Steel is planning to import 5 million tonnes of the raw material to operate plants in Salem, Tamil Nadu, and Dolvi, near Mumbai. The company is planning to take this initiative after facing iron ore shortages for more than 18 months. At present, it is sourcing the raw material from Australia and South American countries and has already received some consignment at Tuticorin port and JNPT, Mumbai.

JSW Steel is part of the JSW group which, in turn, is a part of the O P Jindal group. 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.