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Latest news about JSW Steel

JSW Steel Conducts 31st AGM, Appoints New Independent Director and Addresses Key Business Matters 1 day ago Yesterday

JSW Steel Limited conducted its 31st Annual General Meeting virtually on July 25, 2025. The meeting saw 112 members participate and addressed key agenda items including financial performance, dividend declaration, and appointment of directors. Mr. Shyamal Mukherjee was welcomed as a new Independent Director, replacing Mr. Haigreve Khaitan. Shareholders voted on 21 resolutions covering ordinary and special business matters. The company implemented measures for transparency and compliance, including e-voting facilities and appointment of a scrutinizer.

JSW Steel's Independent Director Haigreve Khaitan Concludes Second Term 3 days ago

JSW Steel Warns of Cheap Steel Import Threats Amid Strong Quarterly Performance 3 days ago

JSW Steel Reports 45% Profit Surge Despite Revenue Dip, Remains Cautious on Global Market 4 days ago

JSW Steel Shares Drop Over 1% Despite 45% Net Profit Growth as Revenue Declines 5 days ago

More news about JSW Steel

18Jul 25

JSW Steel Reports Strong Q1 Results, Announces Strategic Acquisitions and Joint Ventures

JSW Steel reported robust Q1 financial results with revenue at ₹43,147.00 crore, EBITDA at ₹7,576.00 crore, and net profit at ₹2,209.00 crore. The company announced strategic initiatives including the acquisition of Saffron Resources Private Limited, increased stake in JSW Severfield Structures Limited, and a joint venture with Andhra Pradesh Mineral Development Corporation. JSW Steel's Indian operations reported 87% capacity utilisation, with domestic sales growing 12% year-on-year. The company continues to focus on sustainability and maintains its expansion plans targeting 50 million tonnes capacity by 2030-31.

18Jul 25

JSW Steel Reports Robust Q1 Performance, Announces Strategic Acquisitions

JSW Steel reported robust Q1 financial performance with revenue at ₹43,147.00 crore, EBITDA at ₹7,576.00 crore, and net profit at ₹2,209.00 crore. The company's crude steel production grew 14% YoY to 7.26 million tonnes. The Board approved key strategic moves including the acquisition of Saffron Resources Private Limited for ₹679.34 crore, plans to increase stake in JSW Severfield Structures Limited, and a joint venture with APMDC for an iron ore project in Andhra Pradesh. These initiatives aim to support future expansion and strengthen JSW Steel's market position.

18Jul 25

JSW Steel Reports Strong Q1 Results, Announces Strategic Acquisitions

JSW Steel reported robust Q1 financial results with revenue at ₹43,147.00 crore, EBITDA at ₹7,576.00 crore, and net profit at ₹2,209.00 crore. The company's crude steel production increased by 14% YoY to 7.26 million tonnes. Strategic moves include acquiring Saffron Resources Private Limited for ₹679.34 crore, potentially increasing stake in JSW Severfield Structures Limited, and forming a joint venture with APMDC for an iron ore project. Despite short-term challenges, JSW Steel anticipates strong demand growth in the coming year.

18Jul 25

JSW Steel Reports Strong Q1 Performance, Announces Strategic Acquisitions

JSW Steel reported robust Q1 financial results with revenue at ₹43,147.00 crore, EBITDA at ₹7,576.00 crore, and net profit at ₹2,209.00 crore. Consolidated crude steel production increased by 14% to 7.26 million tonnes, while sales volume rose 9% to 6.69 million tonnes. The company announced strategic moves including the acquisition of Saffron Resources, potential increased stake in JSW Severfield Structures Limited, and a new joint venture with APMDC for an iron ore project in Andhra Pradesh.

18Jul 25

JSW Steel Considers Review Petition for Bhushan Power & Steel Amid Strategic Acquisitions

JSW Steel is contemplating filing a review petition concerning Bhushan Power & Steel Limited (BPSL). The company is also engaging in strategic moves including the acquisition of Saffron Resources Private Limited, increasing stake in JSW Severfield Structures Limited, and forming a joint venture with Andhra Pradesh Mineral Development Corporation. These initiatives aim to strengthen JSW Steel's market position and expand operations. The company reported consolidated revenue of ₹43,147 crore, operating EBITDA of ₹7,576 crore, and net profit of ₹2,209 crore in its latest financial results.

18Jul 25

JSW Steel Expands Operations, Addresses Industry Challenges Amid Strong Domestic Demand

JSW Steel has approved the acquisition of Saffron Resources Private Limited, gaining access to 887 acres in Odisha. The company plans to increase its stake in JSW Severfield Structures Limited to 74.9%. A new joint venture with Andhra Pradesh Mineral Development Corporation will establish an iron ore project in Andhra Pradesh. Despite strong domestic demand, JSW Steel faces challenges from Chinese exports and low-cost imports. The company reported revenue of ₹43,147 crore, EBITDA of ₹7,576 crore, and net profit of ₹2,209 crore for the quarter.

18Jul 25

JSW Steel to Acquire Saffron Resources for 6.79 Billion Rupees, Expanding Land Holdings in Odisha

JSW Steel plans to acquire 100% equity in Saffron Resources Private Limited for ₹6.79 billion ($82 million). The acquisition will provide JSW Steel with 887 acres of land in Odisha for future expansion. The deal, approved by JSW Steel's Board of Directors, involves a holdback amount of ₹40.10 crore. Saffron Resources currently has no business operations and has not reported any turnover in the last three years. The transaction is expected to close within 60 days, subject to customary conditions.

18Jul 25

JSW Steel Expands Footprint with Strategic Acquisitions and Joint Ventures

JSW Steel has approved the acquisition of Saffron Resources Private Limited, which owns 887 acres of land in Odisha. The company also plans to increase its stake in JSW Severfield Structures Limited to 74.9% for up to ₹235.10 crore. Additionally, JSW Steel will form a joint venture with Andhra Pradesh Mineral Development Corporation for an iron ore project in Andhra Pradesh, with an 89% stake and an estimated cost of ₹1,075 crore. The company reported a consolidated revenue of ₹43,147.00 crore, an Operating EBITDA of ₹7,576.00 crore, and a net profit of ₹2,209.00 crore.

18Jul 25

JSW Steel Announces Strategic Moves and Q1 Profit Surge

JSW Steel announced impressive Q1 financial results with net profit doubling to ₹2,184 crore and EBITDA rising 37.5% to ₹7,576 crore. The company also revealed strategic developments including the acquisition of Saffron Resources Private Limited for land in Odisha, plans to increase stake in JSW Severfield Structures Limited to 74.9%, and a new joint venture with APMDC for an iron ore project in Andhra Pradesh. Operationally, JSW Steel saw a 14% increase in crude steel production and 9% growth in steel sales year-on-year.

18Jul 25

JSW Steel: Q1 Profit Surges on Lower Expenses

JSW Steel's Q1 financial results show significant profitability improvements despite flat revenue. Net profit soared 158.46% to ₹2,184.00 crore, while EBITDA increased 37.50% to ₹7,576.00 crore. The EBITDA margin improved to 17.56%. Cost management efforts led to a 3.30% decrease in total expenses. The company announced strategic moves including a land acquisition in Odisha, potential expansion of a joint venture, and a new iron ore project in Andhra Pradesh. However, net debt increased to ₹79,850.00 crore.

17Jul 25

JSW Steel Anticipates Margin Improvement in Q1 FY2026 Results

JSW Steel is expected to announce improved Q1 FY2026 financial results on Friday. Analysts predict a 31% year-on-year increase in EBITDA to Rs 7,234 crore and a 1% rise in revenue to Rs 42,790 crore. The positive outlook is attributed to recent price hikes and lower coal costs. However, the company faces challenges from industry pricing pressures and seasonal demand weakness.

09Jul 25

JSW Steel Achieves 14% YoY Growth in Q1 Crude Steel Production

JSW Steel produced 7.26 million tonnes of crude steel in Q1, marking a 14% year-on-year increase. This growth indicates robust demand and improved operational efficiency in the steel sector.

08Jul 25

JSW Steel: Q1 Crude Steel Production Reaches 7.26 Million Tonnes, Up 14% YoY

JSW Steel announced a consolidated crude steel production of 7.26 million tonnes for the first quarter, representing a 14% year-on-year growth. Indian operations contributed 7.02 million tonnes, with capacity utilization at 87%. Despite the annual increase, there was a 5% quarter-on-quarter decline due to planned maintenance shutdowns of blast furnaces, which have since resumed optimal operations.

25Jun 25

JSW Steel Files Review Petition in Supreme Court Over Bhushan Power Case

JSW Steel has filed a review petition in the Supreme Court regarding its earlier judgment on the Bhushan Power and Steel Ltd. (BPSL) resolution plan. This follows the court's May ruling that questioned the legality of JSW Steel's acquisition of BPSL. The Supreme Court has ordered a status quo on BPSL's liquidation proceedings until the review petitions are heard. The outcome of this petition is crucial for JSW Steel, as it could either salvage its acquisition of BPSL or force the company to relinquish control, impacting its growth plans in the steel sector.

25Jun 25

JSW Steel Moves Supreme Court on Bhushan Power and Steel Resolution Plan

JSW Steel has filed a petition in the Supreme Court regarding the resolution plan for Bhushan Power and Steel Ltd (BPSL). The specific details of the petition are undisclosed, but it suggests unresolved issues in the acquisition process. JSW Steel had previously emerged as the winning bidder for BPSL, which was undergoing insolvency resolution. This legal action could potentially impact the timeline and proceedings of the BPSL acquisition.

09Jun 25

JSW Steel Reports 8% YoY Increase in May 2025 Crude Steel Production

JSW Steel announced a consolidated crude steel production of 22.73 lakh tonnes for May 2025, representing an 8% year-on-year increase. This growth demonstrates the company's operational efficiency and ability to meet rising steel market demand. The increase may reflect improved capacity utilization, operational enhancements, or favorable market conditions.

27May 25

JSW Steel Set to Acquire Coal Deposit in Mozambique After Concession Rights Restored

JSW Steel has received approval to acquire a coal deposit in Mozambique after the seller, Minas de Revuboe (MDR), regained concession rights previously revoked by the Mozambican government. This strategic acquisition aims to secure raw materials, optimize costs, and expand JSW Steel's presence in Africa. The move is expected to enhance the company's supply chain integration and support long-term growth in steel production capacity.

26May 25

JSW Steel's Mozambique Coal Deal Back on Track as Mining Concession Restored

JSW Steel has received approval to proceed with its $74 million acquisition of Minas de Revuboe in Mozambique after the new government restored the coal mining concession. The deal, initially announced a year ago, was delayed due to the previous administration revoking the mining lease. The acquisition will provide JSW Steel access to up to 280 million tons of premium coking coal, supporting vertical integration and reducing dependence on external suppliers. The project is in the pre-development stage, allowing JSW Steel to shape its development according to its needs.

26May 25

Supreme Court Halts Bhushan Steel Liquidation, Allows JSW Steel's Review Petition

The Supreme Court has stayed the liquidation of Bhushan Steel & Power Ltd and permitted JSW Steel to file a review petition. This decision follows a previous ruling that declared JSW Steel's acquisition of Bhushan Steel illegal. The court has ordered a status quo to maintain fairness in the process. This development has significant implications for both companies and the broader steel industry, potentially setting precedents for future acquisitions and liquidations in the sector.

26May 25

JSW Steel Projects Strong Production and Demand Growth for FY26

JSW Steel anticipates significant growth in the coming years. The company expects an incremental production of 3.50 million tonnes from JVML expansion this year. Karnataka operations are projected to reach 15.00 million tonnes in the current financial year. For FY26, JSW Steel forecasts 8-10% growth in steel demand, consolidated production of 30.50 million tonnes, and sales of 29.20 million tonnes, representing a 10% volume growth.

26May 25

JSW Steel: Q4 Results In Line, BPSL Uncertainty Persists

JSW Steel's Q4 consolidated Ebitda reached Rs 6,380.00 crore, slightly below market expectations. The company reduced its net debt to Rs 76,600.00 crore. For FY26, JSW Steel projects 8-10% domestic steel demand growth and plans Rs 20,000.00-21,000.00 crore in capex. The Bhushan Power & Steel unit remains a challenge due to legal uncertainties.

23May 25

JSW Steel Reports Q4 Profit Growth, Announces Dividend and Fundraising Plans

JSW Steel's Q4 consolidated net profit increased to ₹15.03 billion from ₹13.22 billion year-over-year, despite a slight revenue dip. The company declared a final dividend of ₹2.80 per share and approved fundraising of ₹140 billion through NCDs and equity issuance. JSW Steel set production targets of 30.50 million tonnes of crude steel and 29.20 million tonnes of saleable steel for FY2026. The company is evaluating legal options regarding the Supreme Court judgment on Bhushan Power and Steel Limited.

23May 25

JSW Steel Reports 16% Surge in Q4 Profit Despite Revenue Dip

JSW Steel's Q4 consolidated net profit rose 16% year-on-year to ₹1503.00 crore, up from ₹1299.00 crore last year. However, revenue from operations declined 3% to ₹44819.00 crore. The contrasting profit growth and revenue decline suggest improved operational efficiency and cost management by the company.

23May 25

JSW Steel: Rs 14,000 Crore Fundraising Plan Approved Amid Rs 19,300 Crore Refund Request

JSW Steel's board has approved a Rs 14,000 crore fundraising plan through equity and debt instruments. Simultaneously, the company has issued demand notices to banks seeking a Rs 19,300 crore refund related to the Bhushan Power and Steel resolution plan. The fundraising includes Rs 7,000 crore via QIP and Rs 7,000 crore through NCDs with warrants. Details on the refund request are limited, with no information on the reasons or banks involved.

22May 25

JSW Steel Q4 Preview: Anticipating Strong Growth Ahead of May 23 Results

JSW Steel will announce its Q4 and FY2023 results on May 23, 2023. Analysts project significant growth with revenue expected to rise 10% to Rs 44,720 crore, EBITDA up 17% to Rs 6,548 crore, and net profit doubling to Rs 1,608 crore. The board will consider recommending a dividend for FY23. A 12% safeguard duty on steel imports is seen as beneficial for domestic producers. An earnings call is scheduled for 5:30 p.m. on the same day, and the trading window for designated persons will remain closed from April 1 to May 25, 2023.

16May 25

JSW Steel to Consider Fundraising via QIP and NCDs, Review Financial Results

JSW Steel's board will meet on May 23 to consider raising long-term funds through Qualified Institutions Placement (QIP) and Non-Convertible Debentures (NCDs). The board will also review financial results and consider recommending a dividend to shareholders. This meeting could significantly impact JSW Steel's financial strategy and shareholder returns.

16May 25

JSW Steel to Consider Raising Long-Term Funds Through Debentures and QIP

JSW Steel's board of directors will meet on May 23 to discuss potential fundraising strategies, including the issuance of redeemable non-convertible debentures and a qualified institutions placement (QIP). The move suggests the company may be looking to strengthen its financial position or fund future growth initiatives. The outcome could have significant implications for JSW Steel's financial structure and growth prospects.

05May 25

JSW Steel Contests ₹702.00 Crore Claim as Demand Notices Set Aside

JSW Steel has filed an appeal against a ₹702 crore claim. The Revisionary Authority has set aside the demand notices related to this claim, and the case has been remanded to the Odisha government for further consideration. This development provides JSW Steel with temporary relief from a significant financial obligation and opens the door for further scrutiny of the matter at the state level.

02May 25

JSW Steel Gains Reprieve as Rs 702-Crore Mining Demand Set Aside

JSW Steel has received a reprieve in a case involving alleged iron ore mining violations in Odisha. The revisionary authority has set aside a Rs 702-crore demand raised against the company. The case has been remanded back to the Odisha government for fresh consideration, with JSW Steel to be given an opportunity to be heard. The original allegations included drop in grade of production, violation of mining plan, and use of higher mesh size for screening. This development offers JSW Steel a chance to present its case more comprehensively before the Odisha government.

02May 25

JSW Steel Faces Mixed Fortunes: Appeal on 7.02 Billion Rupee Claim and Supreme Court Setback

JSW Steel is confronting significant legal challenges. The company has appealed a 7.02 billion rupee claim related to alleged mining irregularities, with the demand notices currently set aside for reconsideration. Additionally, the Supreme Court has rejected JSW Steel's resolution plan for acquiring Bhushan Power and Steel Limited, potentially impacting the company's expansion strategy. JSW Steel is awaiting the detailed order to determine its next steps.

02May 25

Supreme Court Rejects JSW Steel's Resolution Plan for Bhushan Power

The Supreme Court of India has rejected JSW Steel's resolution plan for Bhushan Power and Steel Limited (BPSL) on May 2, 2025, overturning the previous approval by NCLAT. JSW Steel acknowledged the decision and is awaiting the formal order to understand the grounds for rejection. This ruling could have significant implications for JSW Steel's expansion strategy, BPSL's future, and ongoing insolvency cases in India.

02May 25

Supreme Court Overturns JSW Steel's Acquisition of Bhushan Power, Orders Liquidation

The Supreme Court has ruled JSW Steel's acquisition of Bhushan Power & Steel Ltd (BPSL) illegal, ordering BPSL's liquidation. This decision overturns a Rs 20,000 crore deal from 2019, potentially impacting major banks like State Bank of India and Punjab National Bank. The ruling may create uncertainty in the steel industry, affecting investor confidence and the resolution process for stressed assets under the Insolvency and Bankruptcy Code.

25Apr 25

JSW Steel Subsidiary Wins Bid for Colour Roof India in Insolvency Resolution

JSW Steel's subsidiary, JSW Steel Coated Products Limited (JSWSCPL), has been declared the successful resolution applicant for Colour Roof India Limited. The resolution plan, initially submitted in July 2024 and amended in April 2025, has been approved by the Committee of Creditors. JSWSCPL received a letter of intent on April 25, 2025. The transaction's closure is pending approval from the National Company Law Tribunal (NCLT), Mumbai. This move could potentially strengthen JSW Steel's position in the steel coated products market.

24Apr 25

JSW Steel CEO Addresses Industry Challenges and Strategic Moves

JSW Steel's CEO discussed current challenges in the steel industry, including a surge in imports affecting domestic producers' margins. The company welcomes temporary tariffs on steel imports as a positive measure. JSW Steel is open to acquiring new coking coal assets, subject to strategic fit and commercial viability. The CEO also noted limitations in the European market due to import restrictions.

24Apr 25

JSW Steel Poised to Benefit from India's Temporary Steel Import Tariff

The Indian government's decision to impose temporary tariffs on steel imports is expected to boost JSW Steel's domestic market position. This move aims to reduce steel inflows from major exporters like China, South Korea, and Japan, potentially leading to reduced foreign competition, increased market share, and improved pricing power for JSW Steel. The tariff is likely to impact supply chains, incentivize domestic production, and affect trade relations with the affected countries.

07Apr 25

JSW Steel Achieves Record-Breaking Q4 Crude Steel Production

JSW Steel reported its highest ever consolidated crude steel production of 7.63 million tonnes in Q4 FY 2024-25, marking a 12.00% year-on-year growth. This significant increase in production volumes showcases the company's strong operational performance and its ability to meet growing steel demand across various sectors. The achievement could potentially strengthen JSW Steel's market position and contribute to India's overall steel production capacity.

27Mar 25

JSW Steel Announces Q4 Results Date and Reports Subsidiary Share Transaction

JSW Steel has set May 23, 2025, for its Q4 financial results announcement. The company extended the deadline for acquiring a 92.19% stake in Minas de Revuboe Limitada to July 31, 2025. It completed the transfer of its Slurry Pipe Line business to JSW Infrastructure Limited for Rs. 1617.00 crore. Additionally, JSW Steel's subsidiary, PSL, accepted 222.6 million shares from JSW Steel for Rs. 15.09 billion.

25Mar 25

JSW Steel Subsidiary Piombino Steel Announces ₹1,676 Crore Share Buyback

JSW Steel's subsidiary, Piombino Steel Limited (PSL), has approved a share buyback program of 22.26 crore shares at ₹75.30 per share, totaling ₹1,676.45 crore. JSW Steel plans to tender its entire 22.26 crore shares in PSL, representing 83.28% stake. This move is expected to strengthen JSW Steel's balance sheet and optimize its capital structure.

20Mar 25

JSW Group Expands into Copper Industry with Planned Smelter in Odisha

JSW Group announced plans to establish a copper smelter with a 0.50 million tonne capacity in Odisha, marking a significant diversification from its core steel business. The strategic move aims to capitalize on rising global copper demand, particularly in electric vehicles and renewable energy sectors. The choice of Odisha leverages the state's mineral wealth and industrial growth initiatives. This expansion is expected to diversify JSW's revenue streams, create potential synergies with its steel business, and strengthen its position in the global metals market.

18Mar 25

JSW Steel Faces Reduced Rating Headroom, Reports Mixed Q3 FY2024 Results

Fitch Ratings reports a reduction in JSW Steel's rating headroom. Q3 FY2024 results show mixed performance: revenue slightly down by 1.41% to ₹40,946.00 crore, net profit significantly decreased by 70.65% to ₹719.00 crore, and EBITDA down 25.33% to ₹5,044.00 crore. EPS dropped 70.36% to ₹2.94. The company maintains an operating profit margin of 11.99%, showing slight improvement from the previous quarter but a decrease year-on-year.

07Mar 25

JSW Steel Reports 12% Surge in February 2025 Crude Steel Production

JSW Steel announced a significant rise in consolidated crude steel production for February 2025, reaching 24.07 lakh tonnes, a 12% year-over-year increase. Indian operations saw a 13% growth, producing 23.32 lakh tonnes with 93.5% capacity utilization. However, JSW Steel USA - Ohio experienced a 17.6% decline. The company plans to expand its consolidated capacity to 43.5 MTPA over the next three years and has committed to reducing CO2 emissions by 42% from steel-making operations by 2030.

05Mar 25

JSW Steel Achieves ResponsibleSteel™ Certification for Four Manufacturing Plants

JSW Steel has been awarded the ResponsibleSteel™ certification for its manufacturing facilities in Vijayanagar, Dolvi, Tarapur, and Salem. This globally recognized certification demonstrates JSW Steel's commitment to sustainable and responsible steel production practices, including reduced emissions, responsible water management, human rights protection, fair labor practices, and community engagement. The certification is expected to enhance JSW Steel's reputation, provide a competitive advantage, open access to new markets, and improve stakeholder relations. This achievement sets a benchmark for responsible steel production in India and could influence the broader industry towards more sustainable practices.