JSW Steel Ltd.

JSW Steel is currently trading at Rs. 624.05, up by 12.05 points or 1.97% from its previous closing of Rs. 612.00 on the BSE.

The scrip opened at Rs. 617.00 and has touched a high and low of Rs. 627.80 and Rs. 615.95 respectively. So far 66033 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. 588.45 on 28-Mar-2013.

Last one week high and low of the scrip stood at Rs. 667.00 and Rs. 601.20 respectively. The current market cap of the company is Rs. 15123.34 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 upcoming 2.3 million tonnes plant, which will produce high-grade automotive steel, is expected to commence operations in Bellary by December this year.  The company has invested about $ 1 billion for the plant, which is expected to generate about $ 2 billion of revenue once it attains full capacity.

The company is in talks with all the auto majors and most of them have approved its product quality. Japanese steel major JFE Steel is the technology partner for producing the auto-grade steel.

The new capacity will help JSW in meeting the demand of automobile industry for high end products like dual-phase steel and strip steel as well.