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#CourtCorner | #JSWSteel-#BhushanPower and Steel Insolvency Big Relief For JSW Steel, SC Directs For Status Quo Of Liquidation Proceedings In NCLT ๐ŸšฉAlert - Former Promoter Of BPSL Sanjay Singhal Had Moved NCLT Seeking Liquidation As Per SC Judgment
#CourtCorner | #JSWSteel, COC confirm that review petitions will be filed. #SC holds that review petitions should be filed as per SC rules prescribed deadlines. It was argued that any implementation of direction would jeopardise review petitions

๐ŸšฉAlert: As per SC rules, review petitions are to be filed in 30 days, SC judgment came on May 2
#JustIn | #JSWSteel May Update:

โ–ถ๏ธCons production up 8% YoY at 22.73 lk tonnes vs 20.98 lk tonnes

โ–ถ๏ธIndia ops production up 9% YoY at 21.94 lk tonnes vs 20.13 lk tonnes

โ–ถ๏ธCapacity utilisation for the month at Indian operations was at 80%
#JSWSteel reports #Q1Results๐Ÿ‘‡

Net profit at โ‚น2,184 cr vs โ‚น845 cr (YoY)

Revenue up 0.5% at โ‚น43,147 cr vs โ‚น42,943 cr (YoY)

EBITDA up 37.5% at โ‚น7,576 cr vs โ‚น5,510 cr (YoY)

Margin at 17.6% vs 12.8% (YoY)
#JustIn | #JSWSteel signs non-binding heads of agreement with #POSCO grp to set up 6 mt steel plant in #India
#JustIn | #JSWSteel August Biz Update:

โ–ถ๏ธAug Cons #CrudeSteel production up 17% YoY at 27.03 lk tonnes vs 23.16 lk tonnes (YoY)

โ–ถ๏ธAug India Ops Crude Steel production up 16% YoY at 26.15 lk tonnes vs 22.49 lk tonnes (YoY)
#JSWSteel Q2 Biz Update:

๐Ÿ‘‰Crude Steel Production Up 17% YoY & 9% QoQ At 7.9 mt

๐Ÿ‘‰India Ops Crude Steel Production Up 16% YoY & 9% QoQ At 7.66 mt

๐Ÿ‘‰Capacity Utilisation At India Operations Stands At 92%
#JSWSteel reports #Q2Results:

๐Ÿ‘‰Net profit at โ‚น1,646 Cr Vs โ‚น404 Cr (YoY)

๐Ÿ‘‰Revenue up 11.3% At โ‚น45,152 Cr Vs โ‚น39,684 Cr (YoY)

๐Ÿ‘‰Refined metal prodn now seen at 1,065-1,085 kt Vs 1,090-1,110 kt

๐Ÿ‘‰FY26 saleable silver now seen at 670-690 mt Vs 700-710 mt

๐Ÿ‘‰EBITDA up 31% At โ‚น7,115 Cr Vs โ‚น5,437 Cr (YoY)
#JustIN | #JSWSteel Oct Data

--Cons Production Up 9% At 24.95 Lk Tonnes Vs 22.81 Lk Tonnes (YoY)

--Capacity Utilisation Of Indian Operations Was At 83%

--India Ops Production Up 10% YoY At 24.12 Lk Tonnes Vs 21.99 Lk Tonnes (YoY)
#JSWSteel looks to sell up to 50% stake in Bhushan Power & Steel (BPSL), Japanโ€™s JFE Steel frontrunner to pick up stake: srcs to
@YashJain88


JSW Steel to CNBC-TV18: Strategy includes evaluating various opportunities, won't not like to comment on speculation
#JustIn | #JSWSteel on JV Deal;

โ–ถ๏ธJSW Steel Balance Sheet gets deleveraged by โ‚น37,000 Cr post JV Deal

โ–ถ๏ธBPSL Net Debt was around โ‚น5,000 Cr which gets deconsolidated from #JSW Steel books
#NovBizUpdate | #JSWSteel Nov Biz Update:

โ–ถ๏ธCons production up 5% at 24.39 lk tonnes vs 23.23 lk tonnes (YoY)

๐ŸšฉCapacity utilisation of Indian operations was at 84%, lower due to blast furnace 3 shutdown

โ–ถ๏ธIndia Ops production up 5% YoY at 23.61 lk tonnes vs 22.53 lk tonnes
#JustIN | #JSWSteel Q3 Update

--India Ops Crude Steel Production Down 5% QoQ & Up 7% YoY At 7.28 mt

--Consolidated Crude Steel Production Down 5% QoQ & Up 6% YoY At 7.48 mt

--Capacity Utilisation For Indian Ops For Qtr Including BF3 Capacity Was At 85%

--Blast Furnace 3 (BF3) At Vijayanagar Expected To Be Commissioned By End Of Q4FY26
#JSWSteel announces its Q3 results๐Ÿ‘‡

โ–ถ๏ธNet Profit โ‚น2,410 Cr Vs โ‚น719 Cr (YoY)

โ–ถ๏ธRevenue Up 11.1% At โ‚น45,991 Cr Vs โ‚น41,378 Cr (YoY)

โ–ถ๏ธEBITDA Up 16.4% At โ‚น6,496 Cr Vs โ‚น5,579 Cr (YoY)

โ–ถ๏ธMargin At 14.1% Vs 13.5% (YoY)
#JustIn | #JSWSteel: February Business Update

Consolidated crude steel production down 2% YoY at 23.66 lk tonnes

Capacity utilisation for Indian ops for qtr including BF3 capacity was at 88%
#Market opens in the green, #Nifty above 23,900 with #JSWSteel, #UltraTechCement, #KotakMahindraBank, L&T & #Grasim being the top gainers.

Market breadth firmly in the favour of advances, #NSE advance-decline ratio at 4:1
#BizUpdate | #JSWSteel April Biz Update:

โ–ถ๏ธApril consolidated crude steel production down 1% YoY at 21.18 lk tonnes

โ–ถ๏ธIndia ops crude steel production down 1% YoY at 20.40 lk tonnes

โ–ถ๏ธCapacity utilisation for Indian ops for April #excluding BF3 capacity was at approx 94%
#Market opens higher, all major indices are in the green. #Nifty above 23,700 with #TataMotorsPV, #AdaniEnt, #PowerGrid, #AdaniPorts & #JSWSteel being the top gainers

Market breadth in the favour of advances, #NSE advance-decline ratio at 2:1
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