JSW Steel announced that the Company owned and operated coal mine in the State of West Virginia, USA, through its wholly owned step-down subsidiaries. During the previous year, the mines and preparation plant were sold due to non-viability of operations. Consequently, following step-down subsidiary companies of the Company, at West Virginia, USA, were no longer required and have been merged with their respective holding Companies effective December 18, 2024 (US time) as below: 1) Purest Energy, LLC with its Holding Company Periama Holdings LLC 2) Caretta Minerals, LLC with its Holding Company Planck Holdings, LLCPowered by Capital Market - Live

JSW Steel Ltd fell for a fifth straight session today. The stock is quoting at Rs 924.4, down 2.37% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 1.06% on the day, quoting at 23942.900390625. The Sensex is at 79220.66, down 1.2%.JSW Steel Ltd has eased around 2.09% in last one month.Meanwhile, Nifty Metal index of which JSW Steel Ltd is a constituent, has increased around 2.66% in last one month and is currently quoting at 9069.9, down 1.33% on the day. The volume in the stock stood at 12.69 lakh shares today, compared to the daily average of 18.09 lakh shares in last one month. The benchmark December futures contract for the stock is quoting at Rs 925.7, down 2.36% on the day. JSW Steel Ltd jumped 9.75% in last one year as compared to a 13.2% rally in NIFTY and a 20.59% spurt in the Nifty Metal index.The PE of the stock is 36.51 based on TTM earnings ending September 24.Powered by Capital Market - Live

The company received the demand order from Office of the Commissioner of GST and Central Excise, Belagavi Division, for Rs 64,47,20,900 for alleging non-payment of GST under RCM on upfront payments and monthly payments made to Government for assignment of mining rights for the period from July 2017 to July 2019 in Karnataka. The steel major stated that it has already discharged the appropriate tax liability under reverse charge along with applicable interest and the same were disclosed in the monthly returns prior to the issuance of the show cause notice. The company basis the judicial precedents available, believes that the penalty under Section 74(1) is not leviable. Accordingly, the aforesaid demand of penalty is proposed to be challenged in appeal. JSW Steel also added that there is no impact on the financials, operations or other activities of the company. 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 shed 0.76% to Rs 1,005.35 on the BSE. Powered by Capital Market - Live

Indian Operations rose 7% to 22.53 lakh tonnes in November 2024 as compared with 21.14 lakh tonnes in November 2023. The capacity utilization for Indian operations in the month of November 2024 stood at 94%. Ohio-based JSW Steel USA has reported steel production volume of 0.70 lakh tonnes for November 2024 as against 0.90 Lakh tonnes for November 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 rose 0.65% to Rs 1,019.25 on the BSE. Powered by Capital Market - Live

JSW Steel reported consolidated Crude Steel production for the month of November'24 at 23.23 lakh tonnes. Indian Operation production was higher by 7% YoY while consolidated Crude Steel production grew by 5% YoY. Capacity utilisation for November 24 at Indian Operations was stood at 94%. The break-up of production is as below: (lakh tonnes)   Particulars Nov'24  Nov'23   YoY   Indian Operations 22.53  21.4  7%    JSW Steel USA - Ohio 0.70  0.90      Consolidated Production 23.23  22.04  5%  Powered by Capital Market - Live

This award is part of NTPC's stariff-based competitive bid for 1,500 MW of ISTS-connected solar projects (NTPC-ISTS-III). With this new addition, JSW Energy's total locked-in generation capacity has increased to 19.6 GW, of which 4.4 GW is dedicated to solar projects. JSW Energy aims for a 10 GW operational capacity by FY 2025, currently operating 7.7 GW across thermal, hydro, and renewable energy. The company also has 16.2 GWh of energy storage capacity through battery storage and hydro-pumped storage projects. The company aims to reach 20 GW of generation capacity and 40 GWh of energy storage capacity before 2030. JSW Energy has set an ambitious target of achieving carbon neutrality by 2050. JSW Energy is primarily engaged in the business of generation of power, with principal places located at Vijayanagar (Karnataka), Ratnagiri (Maharashtra), Nandyal (Andhra Pradesh), and Salboni (West Bengal). The company's consolidated net profit marginally increased to Rs 853.25 crore in Q2 FY25 as against Rs 850.16 crore posted in Q2 FY24. Net sales marginally declined to Rs 3,237.66 crore in Q2 FY25 from Rs 3,259.42 crore reported in Q2 FY24.Powered by Capital Market - Live

JSW Steel Ltd rose 2.38% today to trade at Rs 1012.7. The BSE Metal index is up 1.2% to quote at 31298.57. The index is down 0.62 % over last one month. Among the other constituents of the index, APL Apollo Tubes Ltd increased 2.07% and Jindal Stainless Ltd added 1.81% on the day. The BSE Metal index went up 26.7 % over last one year compared to the 16.75% surge in benchmark SENSEX. JSW Steel Ltd has added 4.66% over last one month compared to 0.62% fall in BSE Metal index and 0.85% rise in the SENSEX. On the BSE, 3794 shares were traded in the counter so far compared with average daily volumes of 56254 shares in the past one month. The stock hit a record high of Rs 1063.35 on 04 Oct 2024. The stock hit a 52-week low of Rs 762 on 14 Mar 2024.Powered by Capital Market - Live

The business deal complies with the memorandum of understanding (MoU) signed on 1 March 2024, between JSW Steel Italy SrL and the Ministry of Industries and Made in Italy (MIMIT), which outlined the process for transferring rights over the northern portion of the property. According to the terms of the agreement, Metinvest must pay JSW Steel Italy Piombino SpA. a release fee of Euro 30 million as full payment for the deal. 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 the revival of the industrial site of Piombino as a steel hub. Meanwhile, in a separate filing, the company informed that it has been declared as the preferred bidder by the Office of the Director, Directorate of Mines & Geology, Government of Goa, for Codli Mineral Block XII at Dharbandora in Goa. The company is declared as 'preferred bidder' with highest final offer price at 92.60% of the value of mineral dispatched, it said. The projected iron ore resources are 48.5 million tonnes in addition to 2.7 million tonnes of ore in dumps, JSW Steel said. The firm will take all requisite steps to obtain letter of intent and statutory clearances to execute the lease deed with Mine Development and Production Agreement (MDPA) and start the mining operations. 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. Shares of JSW Steel shed 0.81% to Rs 940 on the BSE.Powered by Capital Market - Live

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