JSW Steel Italy SrL, a subsidiary of JSW Steel  today signed a Commercial Agreement with Metinvest Adria S.p.A. The Commercial Agreement is in line with the MoU dated 01 March 2024 signed between JSW Steel Italy SrL and The Ministry of Industries and Made in Italy(MIMIT) wherein the mechanism for the transfer of rights relating to the northern area of the property was defined. As per the Agreement, Metinvest is obliged to pay a release fee of Euro 30 Mn. to JSW Steel Italy Piombino SpA. as all inclusive consideration for the transaction. The performance and transfer of rights to Metinvest are subject to Metinvest complying with certain procedures with the Government and Institutions within a specific timeframe. Above commercial agreement is furtherance of the MoU and will lead towards realisation and execution of the Accordo Di Programma(AdP or The Program Agreement). As per the MoU, JSW and MIMIT have identified various areas of cooperation between JSW and the Government Institutions for the implementation of the Rail Mill Modernisation Project which includes Revamping of the Rolling Mills, Setting up Hardening Facility and Increasing the length of the Rails being produced to upto 120 meters. The cooperations with MIMIT and Government Institutions are aimed at revival of Industrial Site of Piombino as Steel Hub.Powered by Capital Market - Live

In March 2023, JSW Steel had been declared as a 'Preferred Bidder' in respect of the auction of Banai & Bhalumuda Coal Block in Mand-Raigarh, upon acquisition and detailed feasibility study, this mine was not found suitable from a techno-commercial perspective for JSW Steel and hence the company decided not to go ahead with the investment to develop the Coal Block. Subsequently, the Coal Block Development and Production Agreement entered into by the company in respect of the said Block has been terminated by the Nomination Authority, Ministry of Coal, vide Order dated 07 November 2024.Powered by Capital Market - Live

JSW Steel reported consolidated Crude Steel production for the month of October'24 at 22.81 Lakh tonnes. The total Crude Steel production was lower by 1% YoY. Capacity utilisation for the month at Indian Operations was affected by a temporary maintenance activity at one of the Blast furnaces at Dolvi, and stood at 89%. The blast furnace has since resumed full operations. The break-up of production is as below: (Lakh Tonnes)  Particulars  Oct'24 Oct'23  YoY    Indian Operations 21.99  22.36  -2%    JSW Steel USA - Ohio 0.82  0.76      Consolidated production 22.81  23.12  -1%  Powered by Capital Market - Live

Indian Operations fell 2% to 21.99 lakh tonnes in October 2024 as compared with 22.36 lakh tonnes in October 2023. Capacity utilisation for the month at Indian Operations was affected by a temporary maintenance activity at one of the blast furnaces at Dolvi, and stood at 89% Ohio-based JSW Steel USA has reported steel production volume of 0.82 lakh tonnes for October 2024 as against 0.76 Lakh tonnes for October 2023. JSW Steel, the flagship business of the diversified JSW Group, is India's leading integrated steel company. The company's net profit slumped 85.43% to Rs 404 crore on 10.90% decline in total revenue to Rs 39,684 crore in Q2 FY25 over Q2 FY24. The scrip rallied 4.73% to Rs 1000 on the BSE.Powered by Capital Market - Live

JSW Group (JSW), one of India's fastest-growing conglomerates, has signed a Memorandum of Understanding (MoU) with Korea's POSCO Group (POSCO), outlining a framework for collaboration in steel , battery materials, and renewable energy sectors in India.Powered by Capital Market - Live

Net profit of JSW Steel declined 84.09% to Rs 439.00 crore in the quarter ended September 2024 as against Rs 2760.00 crore during the previous quarter ended September 2023. Sales declined 10.79% to Rs 39104.00 crore in the quarter ended September 2024 as against Rs 43834.00 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales39104.0043834.00 -11 OPM %13.7517.94 - PBDT3398.006015.00 -44 PBT1131.003996.00 -72 NP439.002760.00 -84 Powered by Capital Market - Live

Profit before exceptional items and tax stood at Rs 1,131 crore in second quarter of FY25, down 71.69% from Rs 3,996 crore recorded in Q2 FY24. During the quarter, company registered operating EBITDA of 5,437 crore, with an EBITDA margin of 13.7%. The EBITDA reduced by 1% QoQ as a sharp fall in steel realisations was largely offset by lower costs. Consolidated crude steel production for the quarter stood at 6.77 million tonnes, higher by 7% YoY and QoQ. Capacity utilization at the Indian operations improved to 91% during the quarter, post completion of planned maintenance shutdowns at Dolvi and BPSL in the last quarter. Steel sales for the quarter stood at 6.13 million, lower by 3% YoY and flatish QoQ. Domestic sales at 5.57 million tonnes were higher by 5% QoQ and by 1% YoY. Sales volumes to the institutional segment increased by 12% YoY. However, sales to Retail segment fell by 14% due to elevated imports. Exports at 0.39 million tonnes, lower by 43% YoY and 34% QoQ due to elevated Chinese exports adversely affecting global markets. Exports constituted 7% of sales from the Indian operations for Q2 FY25 as against 10% of sales in Q1 FY25. The company's net gearing (net debt to equity) stood at 1.04x at the end of the quarter (as against 0.97x at the end of Q1 FY25), and net debt to EBITDA stood at 3.51x (as against 3x at the end of Q1 FY25). On half year basis, the company's net profit declined 75.56% to Rs 1,271 crore on 4.80% fell in total revenue to Rs 82,627 crore in H1 FY25 over H1 FY24. Meanwhile, on August 3, 2024, the company announced the surrender of the Jajang Iron Ore mine located in the Keonjhar district of Odisha due to operations being economically unviable. Further, on October 9, the Indian Bureau of Mines approved the final mine closure plan. Following this approval, the company submitted an application for the surrender of the mining block. The company has recognized a net provision of Rs 342 crore related to the underlying carrying value of the assets, including inventory and site restoration liability, which has been disclosed as an exceptional item in Q2 FY24. JSW Steel, the flagship business of the diversified JSW Group, is India's leading integrated steel company.Powered by Capital Market - Live

The Mumbai-based steel maker has also entered into other agreements including for licensing/transfer of associated technology package from thyssenkrupp group. The total purchase consideration for the transaction is Rs 4,051.40 crore, subject to closing adjustments. Jsquare Electrical Steel Nashik is a wholly owned subsidiary of JSW JFE Electrical Steel (J2ES), which is a 50:50 joint venture between JSW Steel and JFE Steel Corporation (JFE). tkES India is one of the first manufacturers of grain-oriented electrical steel (GOES) in India with its facility located in Nashik, Maharashtra. The acquisition provides the Company with access to cutting-edge technology thereby aligning with its strategy of enhancing its value-added portfolio. In February 2024, JFE Steel and JSW established JSW JFE Electrical Steel for the production of GOES, with the aim of establishing an integrated manufacturing system for GOES in India. J2ES is expected to commence full production in 2027. Through this acquisition, JSW and JFE shall achieve instant market access and can promptly establish an integrated system from manufacturing to sales of GOES in India. Jayant Acharya, joint managing director & CEO, JSW Steel said: 'The market for GOES is growing rapidly. This acquisition will enable the consortium of JSW and JFE to manufacture this product in India and supply it to customers in India and globally, thereby also enabling import substitution and hence taking another step towards a self-reliant India.' JSW Steel, the flagship business of the diversified JSW Group, is India's leading integrated steel company. The company had reported 64.29% decline in consolidated net profit to Rs 867 crore in Q1 FY25 as compared with Rs 2,428 crore posted in same quarter last year. Revenue from operations rose 1.73% year on year (YoY) to Rs 42,943 crore in the quarter ended June 2024. The scrip had gained 1.25% to end at Rs 992.40 on the BSE on Friday. Powered by Capital Market - Live

The Board of Directors of JSW Steel at its meeting held on October 18, 2024 has approved the acquisition of 100% equity interest in thyssenkrupp Electrical Steel India (tkES India), jointly with JFE Steel Corporation, Japan, through a 50:50 joint venture and the licensing / transfer of associated technology package relating to the operations of tkES India to the Company from thyssenkrupp group (together the Transaction). tkES India is in the business of manufacture and sale of grain-oriented electrical steel with its facility located in Nashik, Maharashtra.Powered by Capital Market - Live

JSW Steel and leading global resources company, BHP, are collaborating to accelerate deployment of carbon capture technology for steelmaking decarbonisation, following the signing of a joint study agreement between the parties. Under this agreement, the parties will commence joint studies to explore the feasibility of Carbon Clean's CycloneCC modular technology to capture up to 100,000 tonnes per year of CO2 emissions ' the largest scale CycloneCC deployment to date in steelmaking. Indian steel producers are collectively the world's second largest, with production potentially doubling by 2030 against 2023 figures, and will likely have a critical role in achieving India's target of net zero by 2070. With the increasing commissioning of blast furnaces in India with decades of life ahead of them, supporting longer term near zero decarbonisation routes is essential. Carbon capture, utilisation, and storage (CCUS) technology is anticipated to be a critical abatement to support a near zero CO2 emissions intensity for this process route, as well as potentially for other hard-to-abate industrial sectors. There are several challenges with the adoption of carbon capture technology in the steel industry, including capital expenditure and ongoing operating costs, as well as the integration of new equipment into an existing operations site with space limitations. The CycloneCC rotating packed bed (RPB) technology in combination with Carbon Clean's proprietary APBS-CDRMax solvent aims to address these challenges through reducing total installed cost and the unit footprint by up to 50 per cent, and equipment that is ten times smaller in size than conventional carbon capture technologies. This project is an important step towards supporting the scale-up of carbon capture, including understanding the potential performance, costs, and carbon abatement outcomes. It is anticipated that these joint studies will be completed during 2026, at which time the parties will consider installing CycloneCC at JSW Steel's Vijayanagar site in India's southern state of Karnataka. Utilisation ' the 'U' in CCUS ' is a key component of the project. If the project is successful, JSW Steel intends to liquefy captured CO2 so that it can be sold locally. Powered by Capital Market - Live