JSW Steel Ltd is up for a third straight session today. The stock is quoting at Rs 918.15, up 1.05% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.64% on the day, quoting at 23350.8. The Sensex is at 77182.56, up 0.74%. JSW Steel Ltd has slipped around 2.02% in last one month. Meanwhile, Nifty Metal index of which JSW Steel Ltd is a constituent, has slipped around 3.39% in last one month and is currently quoting at 8521.7, up 0.81% on the day. The volume in the stock stood at 7.58 lakh shares today, compared to the daily average of 16.72 lakh shares in last one month. The benchmark January futures contract for the stock is quoting at Rs 919, up 0.95% on the day. JSW Steel Ltd is up 16.16% in last one year as compared to a 9.94% jump in NIFTY and a 14.74% jump in the Nifty Metal index.The PE of the stock is 35.01 based on TTM earnings ending September 24.Powered by Capital Market - Live

Sequentially, the production volume grew by 4%. The steel maker had recorded a production volume of 6.77 million tonnes in Q2 of FY 2024-25. Further, the capacity utilisation at Indian Operations excluding trial run stood at 91% for the quarter. The India division has recorded quarterly steel production volume of 6.82 million tonnes (including trial run production of 0.12 Mnt) in the third quarter of FY25, up 3% YoY. Ohio-based JSW Steel USA has reported steel production volume of 0.21 million tonnes for the December 2024 quarter compared to 0.24 million tonnes recorded in the same quarter last year. The company stated that production and capacity utilisation for the quarter were affected due to temporary maintenance activity at one of the blast furnaces at Dolvi in the month of October, which resumed normal operations in the 1st week of November. On nine-month basis, the company's total combined volumes grew by 1.35% to 20.16 million tonnes in 9M FY25 as compared to 19.89 million tonnes posted in 9M FY24. 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 counter rose 0.13% to currently trade at Rs 891.90 on the BSE. Powered by Capital Market - Live

JSW Steel reported highest ever consolidated Crude Steel production for the third quarter of FY 2024-25 at 7.03 million tonnes. The Crude Steel production was higher by 4% QoQ and 2% YoY. JSW Steel recorded its highest ever quarterly Indian operation's Crude Steel production at 6.82 million tonnes, which was higher by 3% QoQ & YoY. Capacity utilisation at Indian Operations excluding trial run stood at 91% for Q3 FY25. Production and capacity utilisation for the quarter was affected due to temporary maintenance activity at one of the Blast furnaces at Dolvi in the month of October, which resumed normal operations in the 1st week of November. The break-up of production (MT) is as below:  Particulars  Q3 FY25 Q2 FY25  Q3 FY24 QoQ    YoY   Indian Operations 6.82*  6.63  6.63  3%  3%    JSW Steel USA - Ohio  0.21  0.14 0.24        Consolidated Production   7.03  6.77 6.87  4%  2%         *Including Trial run production of 0.12 MT 5 MTPA Integrated Steel Project at Vijayanagar, set up by wholly owned subsidiary of the Company, JSW Vijayanagar Metallics (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 expected in Q4 FY 25. 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 rising from 29.2 MTPA to 34.2 MTPA. The production volume (MT) for the 9M FY25 is as follows:  Particulars 9M FY25  9M FY24    Indian Operations 19.58*  19.01    JSW Steel USA - Ohio 0.58  0.62    Consolidated Production 20.16  19.63    JSW Ispat Special Products (Merged from 31/7/23) -  0.26    Total Combined Volumes 20.16  19.89          *Including Trial run production of 0.12 MT  Powered by Capital Market - Live

JSW Steel will hold a meeting of the Board of Directors of the Company on 24 January 2025.Powered by Capital Market - Live

JSW Steel Ltd gained 2.96% today to trade at Rs 945.65. The BSE Metal index is up 1.22% to quote at 29984.44. The index is down 0.77 % over last one month. Among the other constituents of the index, Jindal Steel & Power Ltd increased 1.94% and Tata Steel Ltd added 1.88% on the day. The BSE Metal index went up 15.61 % over last one year compared to the 10.53% surge in benchmark SENSEX. JSW Steel Ltd has lost 3.19% over last one month compared to 0.77% fall in BSE Metal index and 0.66% drop in the SENSEX. On the BSE, 6507 shares were traded in the counter so far compared with average daily volumes of 63276 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

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