Seshagiri Rao, Joint Managing Director of JSW Steel and Group CFO said, JSW Steel is partnering with BCG to accelerate its journey towards meeting emission targets
At 9:16 am, the BSE Sensex was up 85 points or 0.15 per cent at 55,192, whereas the Nifty 50 index surged 43 points or 0.26 per cent at 16,459.
At 9:26 am the BSE Sensex surged by 819 points or 1.49 per cent at 55,703, whereas the Nifty 50 index advanced 227 points or 1.39 per cent at 16,580.
"JSW Steel reported its group combined crude steel production at 5.88 MT for Q1 FY23 registering a growth of 16 per cent year-on-year, including the production at jointly controlled entities," it said in a statement
JSW Steel has so far failed to revive the company it acquired in 2018, and rising raw material cost and geopolitical issues, including the Russia-Ukraine crisis, have not helped matters either.
At 9:18 am, Sensex was up 247 points or 0.46 per cent at 54,300, whereas the Nifty 50 index advanced 78 points or 0.49 per cent at 16,203.
At 9:18 am, the 30-share BSE Sensex was down 22 points or 0.04 per cent at 52,885, whereas the Nifty 50 index advanced 21 points or 01.14 per cent at 15,773
At 9:24 am, the BSE Sensex was up 112 points or 0.21 per cent at 54,438, whereas the Nifty 50 Index was down 0.03 per cent at 16,260.
The Switzerland-based company currently holds 63.1 per cent stake in Ambuja Cements, and a 4.48 per cent stake in ACC.
Recently, a media report quoting sources said that the company has submitted a bid to buy Pawan Hans, JSW Steel informed the stock exchanges.
At 10:21 am, Sensex was down 318 points or 0.51 per cent at 59,127, whereas Nifty declined 73 points to 17,709.
JSW Steel's production of flat-rolled products rose 25 per cent to 1.15 MT in February 2022, compared with 0.93 MT in the year-ago period.
The production of its flat-rolled products increased by 23 per cent to 12.47 LT over 10.14 LT in January 2021.
Total income during the October-December quarter of the ongoing fiscal soared to Rs 38,225 crore from Rs 22,006 crore a year ago.
JSW Steel's standalone output rose by 8 per cent to 4.41 MT from 4.08 MT in the year-ago quarter.
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