JSW Steel jumps on reporting 17% rise in group combined crude steel production during Q3 FY23
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JSW Steel is currently trading at Rs. 739.60, up by 10.75 points or 1.47 % from its previous closing of Rs. 728.85 on the BSE.
The scrip opened at Rs. 735.60 and has touched a high and low of Rs. 742.25 and Rs. 734.85 respectively. So far 18029 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 789.95 on 19-Apr-2022 and a 52 week low of Rs. 520.10 on 26-May-2022.
Last one week high and low of the scrip stood at Rs. 783.35 and Rs. 725.70 respectively. The current market cap of the company is Rs. 179091.86 crore.
The promoters holding in the company stood at 45.19%, while Institutions and Non-Institutions held 20.51% and 34.30% respectively.
JSW Steel has reported its group combined crude steel production at 6.24 million tonnes for Q3 FY23 registering a growth of 17% year on year (YoY), including the production at jointly controlled entities. JSW Steel reported rise of 19% in crude steel production through Indian operations including joint control at 6.16 million tonnes for Q3 FY23 as against 5.19 million tonnes for Q3 FY22.
The crude steel production for Q3 FY23 was 6.24 million tonnes, sequentially higher by 10% primarily due to improved average capacity utilisation to 91% versus 84% in Q2 FY23 at JSW Steel and Bhushan Power & Steel (BPSL) and also restarting of steel making operations at JSW Ispat Special Products (JISPL) with effect from November 14, 2022 post completion of the shutdown undertaken in July 2022.
JSW Steel is one of the largest steel manufacturing companies in India having units in Karnataka and Maharashtra producing crude steel, long steel and flat steel products.
