JSW Steel Ltd.

JSW Steel is currently trading at Rs. 772.70, up by 3.45 points or 0.45% from its previous closing of Rs. 769.25 on the BSE.

The scrip opened at Rs. 768.85 and has touched a high and low of Rs. 775.00 and Rs. 767.50 respectively. So far 69611 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 840.00 on 12-Sep-2023 and a 52 week low of Rs. 649.75 on 16-Mar-2023.

Last one week high and low of the scrip stood at Rs. 782.40 and Rs. 752.55 respectively. The current market cap of the company is Rs. 188556.73 crore.

The promoters holding in the company stood at 44.80%, while Institutions and Non-Institutions held 36.15% and 19.05% respectively.

JSW Steel has withdrawn its application for the Final Mine Closure Plan submitted before the Indian Bureau of Mines for the purpose of surrender of Jajang Iron Ore Block located in the district of Keonjhar, Odisha, after considering demand and supply scenario of Iron Ore in India.

Earlier, due to un-economic operation, the Company had submitted a notice for surrender of mining lease on September 1, 2023 in respect of one mine, namely Jajang Iron Ore Block located in the district of Keonjhar, Odisha, out of the 4 iron Ore Mining leases it has in the State of Odisha, which were acquired through auction in 2020.

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.