JSW Steel Ltd.

JSW Steel is currently trading at Rs. 689.60, up by 4.85 points or 0.71% from its previous closing of Rs. 684.75 on the BSE.

The scrip opened at Rs. 676.00 and has touched a high and low of Rs. 690.00 and Rs. 665.00 respectively. So far 220800 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. 721.00 and Rs. 678.00 respectively. The current market cap of the company is Rs. 15018.02 crore.

The promoters holding in the company stood at 38.05% while Institutions and Non-Institutions held 24.67% and 37.28% respectively.

JSW Steel’s crude steel production in April 2013 decreased by 11% and stood at 6.37 lakh tonnes against 7.15 lakh tonnes in April 2012. The steel maker has reported the production of rolled products - flat stood at 4.55 lakh tonnes, a decrease of 13% on year-on-year basis. The production of rolled products - long stood at 1.28 lakh tonnes, lower by 17%, compared to 1.55 lakh tonnes in April 2012.

The availability of quality Iron ore in sufficient quantities remained a challenge for the company, impacting the production and capacity utilization. One of Blast Furnaces at Vijayanagar works was under annual shutdown for 22 days and resumed operations on April 26 2013 and therefore the capacity utilization was lower at -73% at Vijaynagar Works. Similarly one of Blast Furnaces at Salem unit was also under shutdown during April, 2013 which resumed production on 06/05/2013. Consequently, the production was lower during April 2013.