JSW Steel Limited
JSW Steel is primarily engaged in the business of manufacture and sale of Iron and Steel Products.It is the flagship business of the diversified, US$ 23 billion JSW Group.The Group has interests in energy, infrastructure, cement, paints, sports, and venture capital.
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JSW Steel announced consolidated crude steel production of 24.65 Lakh Tonnes for August. This reflects 3% YoY growth, with Indian operations at 88% capacity utilization.
JSW Steel's July crude steel production hit 2.402 Cr tonnes, up 3% YoY. Indian operations grew 4% with 87% capacity utilization, aided by Vijayanagar's BF3 restart. US output fell 13%.
JSW Steel completed the merger of its three wholly-owned subsidiaries: Amba River Coke, Monnet Cement, and JSW Retail & Distribution. This consolidation enhances operational efficiency, reduces costs, and streamlines the group structure, without issuing new shares.
JSW Steel earned Moody's Baa3 global investment grade due to significant debt reduction from ₹76,563 Cr to ₹46,157 Cr and strong operations. This strengthens its access to international capital markets for expansion.
JSW Steel reported consolidated crude steel production of 6.59 million tonnes for Q1 FY27, up 3% YoY. Excluding a BF3 shutdown, volumes grew ~15% YoY, driven by JVML ramp-up and improved Dolvi utilization.