JSW Steel Ltd

Sequentially, the production volume grew by 9%. The steelmaker had recorded a production volume of 7.03 million tonnes in Q3 FY25. Further, the firm achieved its highest ever quarterly Indian operation's crude steel production at 7.40 million tonnes, which was higher by 9% QoQ & 13% YoY. Capacity utilisation at Indian operations, excluding trial run stood at 93% for Q4 FY25. Ohio-based JSW Steel USA has reported a steel production volume of 0.23 million tonnes for March 2025, recording de-growth of 8% compared with 0.25 million tonnes recorded in March 2024. A key driver of growth is the ramp-up of the 5 MTPA integrated steel project at Vijayanagar by JSW Vijayanagar Metallics. Following key component commissions, JVML launched one of the two convertors and castors at the steel melt shop in Q3 FY25. Once fully ramped up, the Vijayanagar facility's crude steel capacity will reach 17.5 MTPA, increasing JSW Steel's total Indian operations' capacity to 34.2 MTPA. JSW Steel, the flagship business of the diversified JSW Group, is India's leading integrated steel company. The company reported a 70.65% decline in consolidated net profit to Rs 719 crore in Q3 FY25 compared with Rs 2,450 crore in Q3 FY24. Revenue from operations declined 1.32% YoY to Rs 40,793 crore during the quarter. Shares of JSW Steel slipped 8.19% to Rs 924.70 on the BSE.Powered by Capital Market - Live

JSW Steel reported highest ever consolidated Crude Steel production for the fourth quarter of FY 2024-25 at 7.63 million tonnes. The Crude Steel production was higher by 9% QoQ and 12% YoY. JSW Steel recorded its highest ever quarterly Indian operation's Crude Steel production at 7.40 million tonnes, which was higher by 9% QoQ & 13% YoY. Capacity utilisation at Indian Operations excluding trial run stood at 93% for Q4 FY25. The break-up of production is as below: (Mnt)  Particulars  Q4FY25 Q3FY25  Q4FY24  QoQ  YoY    Indian Operations 7.40*  6.82*  6.54  9%  13%    JSW Steel USA -Ohio 0.23   0.21  0.25       Consolidated Production  7.63  7.03   6.79 9%   12%       *Including Trial run production of 0.21 Mnt in Q4'25 v/s 0.12 Mnt for Q3'25 5 MTPA Integrated Steel Project at Vijayanagar, set up by wholly owned subsidiary of the Company, JSW Vijayanagar Metallics Ltd. (JVML), is progressing well. Post commissioning of 4.5 MTPA Blast Furnace, Raw Material Handling System and Sinter Plant in Q2 FY25, JVML commissioned one out of the two Convertors and Castors at the Steel Melt Shop during Q3 FY25. The ramp up of production at the 5 MTPA JVML integrated facility is progressing well. Once fully ramped up, the total crude steel capacity at Vijayanagar will increase to 17.5 MTPA, contributing to JSW Steel's overall Indian operation's crude steel capacity at 34.2 MTPA. The production volume for the FY25 is as follows: (Mnt)  Particulars FY25  FY24   % Growth   Indian Operations 26.98*  25.55  6%    JSW Steel- Ohio  0.81 0.87      Consolidated Production  27.79 26.42  5%    JSW Ispat Special Products (merged from 31 July 2023)  - 0.26      Total combined volumes  27.79 26.68  4%           *Including Trial run production of 0.33 MntPowered by Capital Market - Live

BCCL, a subsidiary of Coal India, issued LoI on 28 March 2025, declaring the company as the 'Successful Bidder'. The company received the LoI on 29 March 2025. The company will have firm linkage of 2 MTPA of raw coking coal and right over Washery product. BCCL will supply raw coking coal at a premium of 2.35% over its notified price. Further, JSW Energy (Utkal) is the consortium partner, which will consume by products from the Washery, which will be sold to them at market linked prices. The company intends to establish domestic coking coal security and linkages by acquiring mines under auction and set up or acquire washeries. The company is in the process of commissioning three coking coal mines in India which will provide it coking coal at a lower cost as compared to imported coking coal. JSW Steel, the flagship business of the diversified JSW Group, is India's leading integrated steel company. The company reported 70.65% decline in consolidated net profit to Rs 719 crore in Q3 FY25 compared with Rs 2,450 crore in Q3 FY24. Revenue from operations declined 1.32% YoY to Rs 40,793 crore during the quarter. The scrip rose 0.27% to end at Rs 1,062.95 on Friday, 28 March 2025. The stock market will remain shut today in observance of Eid-ul-Fitr. Powered by Capital Market - Live

JSW Steel will hold a meeting of the Board of Directors of the Company on 23 May 2025.Powered by Capital Market - Live

The board of JSW Steel at its meeting held on 25 March 2025 has approved tendering of 22,26,36,000 equity shares held by the company in Piombino Steel (PSL), a subsidiary of the company, under the proposed buy-back offer at a price of Rs. 75.30/- per equity share. This will inter-alia help company further strengthen its balance sheet. The said buy-back will be subject to acceptance by PSL. The company holds 508 crore equity shares in PSL constituting 83.28% of total equity shareholding of PSL.Powered by Capital Market - Live

The Board of JSW Steel at its meeting held on 25 March 2025 has approved the proposal to transfer its Salav unit located at Salav Village of Raigad District, Maharashtra having a Direct Reduced Iron (DRI) capacity of 0.9 MTPA to JSW Green Steel, its wholly owned subsidiary, on a Slump Sale basis. JSW Green Steel was incorporated by the Company on 27 February 2024 for the purpose of setting up a 4 MTPA integrated Green Steel plant at the Company's Salav works, in phases, as a part of Company's plan for reducing its carbon footprints.Powered by Capital Market - Live

The domestic equity benchmarks ended with modest losses on Monday, impacted by concerns over a geopolitical trade war. The Nifty ended below the 22,500 level after hitting the day's high of 22,676.75 in the morning trade. Barring the Nifty FMCG index, all the other sectoral indices on the NSE ended in the red. As per provisional closing, the barometer index, the S&P BSE Sensex, declined 217.41 points or 0.29% to 74,115.17. The Nifty 50 index lost 92.20 points or 0.41%, to 22,460.30. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index slipped 1.46% and the S&P BSE Small-Cap index fell 2.11%. The market breadth was weak. On the BSE, 1,204 shares rose and 2,878 shares fell. A total of 147 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rallied 3.82% to 13.99. Economy: India's forex reserves dropped by $1.781 billion to $638.698 billion in the week ended February 28, the RBI said on Friday. Foreign currency assets, a major component of the reserves, decreased by $493 million to $543.35 billion. Gold reserves decreased by $1.304 billion to $73.272 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were up by $27 million to $17.998 billion, the apex bank said. India's reserve position with the IMF fell by $12 million to $4.078 billion in the reporting week, the apex bank data showed. Buzzing Index: The Nifty Realty index fell 2.04% to 799.70. The index slipped 3.36% in three consecutive trading sessions. Mahindra Lifespace Developers (down 6.55%), Raymond (down 3.60%), Macrotech Developers (down 3.35%), DLF (down 2.99%), Sobha (down 2.75%), Prestige Estates Projects (down 1.83%), Godrej Properties (down 1.70%), Oberoi Realty (down 1.24%) and Phoenix Mills (down 0.54%) declined. Stocks in Spotlight: JSW Steel rose 0.01%. The company said that its consolidated crude steel production jumped 12% to 24.07 lakh tonnes in February 2025 as compared with 21.50 lakh tonnes produced in February 2024. Zydus Lifesciences shed 0.97%. The company announced that it has received final approval from the United States Food and Drug Administration (USFDA) to manufacture Ketoconazole Shampoo, 2% (USRLD: Nizoral Shampoo, 2%). Ketoconazole shampoo is an antifungal medication used to treat dandruff, fungal infections, and other skin conditions. Ketoconazole shampoo will be produced at the Group's topical manufacturing site at Changodar, Ahmedabad. Sun Pharmaceutical Industries rose 0.15%. The company said that it has entered into an agreement for the acquisition of all the outstanding shares of Checkpoint Therapeutics, Inc., an immunotherapy and targeted oncology company. Lupin slipped 1.04%. The company announced that it has launched Rivaroxaban tablets USP, 2.5 mg, in the US market following final approval from the US Food and Drug Administration (USFDA) for its abbreviated new drug application (ANDA). Rivaroxaban is indicated for reducing the risk of major cardiovascular events in patients with coronary artery disease (CAD) and major thrombotic vascular events in patients with peripheral artery disease (PAD), including those who have undergone lower extremity revascularization due to symptomatic PAD. Glenmark Pharmaceuticals slipped 0.52%. The company has announced the launch of 'Polyethylene Glycol 3350 Powder for Solution' as on OTC product in the US market. Polyethylene Glycol is an osmotic laxative. It prevents and treats occasional constipation. SJVN fell 3.10%. The company said that it has signed a memorandum of understanding (MoU) with the Chhattisgarh State Power Generation Company (CSPGC), Government of Chhattisgarh, to develop an 1800 MW pumped storage project (PSP) at Kotpali, Chattisgarh. Indian Renewable Energy Development Agency's (IREDA) dropped 4.18% after the Reserve Bank of India (RBI) rejected the company's request for equity investment in the 900 MW Upper Karnali Hydropower Project in Nepal. Coal India declined 1.64%. The company said (CIL) said that it has signed memorandum of understanding (MoU) with Indian Institute of Technology, Hyderabad (IIT-H) to develop clean coal technologies, diversification in coal utilization. Krystal Integrated Services lost 3.28%. The company announced that it has received a contract worth Rs 84.41 crore from the Post Graduate Institute of Medical Education and Research, Chandigarh, for providing sanitation services at their research center. Bodal Chemicals surged 15.57% after the Indian government imposed anti-dumping duties on Trichloro Isocyanuric Acid (TCCA) imports from China and Japan. Captain Technocast gained 4.92% after the company said that its board will convene on Tuesday, 18 March 2025, to consider a bonus share issue. Sterlite Technologies dropped 4.27% after the company informed that Tushar Shroff, chief financial officer (CFO) and key managerial personnel of the company, has tendered his resignation, effective from 31 March 2025. Active Clothing Co hit an upper limit of 5% after the company announced its plan to raise funds via a preferential allotment of 5 lakh warrants. Narayana Hrudayalaya rose 0.54% after the firm's foreign subsidiary, Health City Cayman Islands(HCCI) entered into a joint venture (JV) agreement with 2070 Health Inc., W Health Ventures GP LLC, and Everhope Oncology Private. SPML Infra was locked in an upper circuit of 5% after the company signed a Rs 617.98 crore agreement with the Water Resource Department for a major turnkey irrigation project under the Konar Irrigation Project. Global Markets: US Dow Jones index futures were down 328 points, indicating a negative opening in the US stocks today. Investors remained wary of uncertainty surrounding President Donald Trump's tariff policies and mulled over Federal Reserve Chair Jerome Powell's cautious remarks. European stocks declined on Monday after German exports fell 2.5% month-on-month in January, provisional data from the country's Federal Statistical Office showed. Most Asian stocks ended lower as traders analyzed fresh economic data from China. Over the weekend, China's consumer inflation dipped into negative territory for the first time in 13 months, driven by seasonal distortions and broader economic headwinds. The consumer price index (CPI) fell 0.7% year-over-year in February, reversing a 0.5% gain in January, according to the National Bureau of Statistics. Adding to market jitters, Beijing announced retaliatory tariffs on certain Canadian agricultural products. The move comes after Canada imposed import duties last year on Chinese electric vehicles, steel, and aluminum. Under the new measures, China will slap a 100% tariff on Canadian rapeseed oil, oil cakes, and peas, while a 25% levy will be applied to aquatic products and pork. In the U.S., major stock indices closed higher on Friday after a volatile trading day. The S&P 500 index rose 0.55% to 5,770.20, while the Nasdaq Composite gained 0.7% to 18,196.22. The Dow Jones Industrial Average added 222.64 points, or 0.52%, to end at 42,801.72. Meanwhile, the latest labor market data painted a mixed picture. The U.S. economy added 151,000 jobs in February alling short of expectations while the unemployment rate ticked up to 4.1% from January 4.0%, signaling possible cracks in labor market resilience. Speaking on Friday, Fed Chair Jerome Powell reaffirmed the central bank's cautious stance on interest rates. While acknowledging that the U.S. economy remains stable, he emphasized the need for patience, particularly in light of President Donald Trump's recent economic policy shifts, which include tariffs and federal worker layoffs. Powell's comments suggest the Fed is in no rush to alter its policy path amid lingering uncertainties. Powered by Capital Market - Live

The Indian unit of the company registered steel production volume of 23.32 lakh tonnes in February 2025, registering the growth of 13% as compared with 20.59 lakh tonnes volume in February 2024. The capacity utilization at Indian operations stood at 93.5% in February 2025. Ohio-based JSW Steel USA has reported steel production volume of 0.75 lakh tonnes for the February 2025, recording de-growth of 70.65% as compared with 0.91 lakh tonnes recorded in February 2024. JSW Steel, the flagship business of the diversified JSW Group, is India's leading integrated steel company. The company reported 70.65% decline in consolidated net profit to Rs 719 crore in Q3 FY25 compared with Rs 2,450 crore in Q3 FY24. Revenue from operations declined 1.32% YoY to Rs 40,793 crore during the quarter.Powered by Capital Market - Live

JSW Steel reported consolidated Crude Steel production for the month of February'25 at 24.07 Lakh tonnes. Consolidated production was higher by 12% YoY. Capacity utilisation for February'25 stands at Indian Operations 93.5%. Powered by Capital Market - Live

The Indian unit of the company registered steel production volume of 23.32 lakh tonnes in February 2025, registering the growth of 13% as compared with 20.59 lakh tonnes volume in February 2024. The capacity utilization at Indian operations stood at 93.5% in February 2025. Ohio-based JSW Steel USA has reported steel production volume of 0.75 lakh tonnes for the February 2025, recording de-growth of 70.65% as compared with 0.91 lakh tonnes recorded in February 2024. JSW Steel, the flagship business of the diversified JSW Group, is India's leading integrated steel company. The company reported 70.65% decline in consolidated net profit to Rs 719 crore in Q3 FY25 compared with Rs 2,450 crore in Q3 FY24. Revenue from operations declined 1.32% YoY to Rs 40,793 crore during the quarter. The counter rose 0.06% to end at Rs 1,011.15 on Friday, 7 March 2025.Powered by Capital Market - Live