JSW Steel is entering into an equal joint venture with JFE Steel Corporation of Japan to manufacture grain-oriented steel sheets. These sheets find a use in the electrical industry. According to information, in Vijaynagar, Karnataka, where JSW runs a 12 million-tonne steel plant, the downstream facility will be built. The companies did not disclose the […]
JSW Steel has posted an 11.70 per cent rise in its net profit at Rs 3,741 crore for March quarter 31, 2023, against Rs 3,343 crore in the year-ago period. According to stock exchanges’ filing, total income rose to Rs 47,427 crore from Rs 47,128 crore in the year-earlier quarter. The company also said total […]
JSW Steel on Wednesday said that its USA unit (JSW Steel USA) plans to invest USD 145 million in upgrading its manufacturing operations in Mingo Junction, Ohio, according to the company’s regulatory filing. The move is aimed at meeting the demand for quality steel products “melted and manufactured in the US,” in alignment with President […]
JSW Steel reported 6.24 million tonnes of group combined crude steel production in Q3 FY23, representing a 17 per cent year on year (YoY) increase, including production at jointly controlled entities. Production increased by 10 per cent quarter on quarter (QoQ) due to improved average capacity utilisation at JSW Steel and Bhushan Power & Steel […]
