JSW Steel Ltd.

JSW Steel is currently trading at Rs. 778.00, up by 3.95 points or 0.51% from its previous closing of Rs. 774.05 on the BSE.

The scrip opened at Rs. 769.85 and has touched a high and low of Rs. 785.90 and Rs. 765.00 respectively. So far 95,000 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. 451.50 on 19-Aug-2013.

Last one week high and low of the scrip stood at Rs. 780.20 and Rs. 707.50 respectively. The current market cap of the company is Rs. 18,826.00 crore.

The promoters holding in the company stood at 35.83% while Institutions and Non-Institutions held 24.09% and 40.08% respectively.

JSW Steel, a leading industry player, has executed a Business Transfer Agreement with Heidelberg Cement India for acquisition of its cement grinding facility at Raigad, Maharashtra, as a going concern on slump sale basis. The transaction will however be consummated only after obtaining all relevant approvals required under applicable laws.

The company has received approval for the above on October 5, 2013 in accordance with the decision of the board of directors of the erstwhile JSW ISPAT Steel on May 21, 2013, and the consent accorded by the board of directors of the company at its meeting held on May 23, 2013.

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.