JSW Steel climbs on planning to achieve 45 MTPA capacity well before 2030
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JSW Steel is currently trading at Rs. 461.00, up by 16.05 points or 3.61% from its previous closing of Rs. 444.95 on the BSE.
The scrip opened at Rs. 455.00 and has touched a high and low of Rs. 464.15 and Rs. 450.10 respectively. So far 157988 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 464.15 on 30-Mar-2021 and a 52 week low of Rs. 132.50 on 03-Apr-2020.
Last one week high and low of the scrip stood at Rs. 464.15 and Rs. 428.45 respectively. The current market cap of the company is Rs. 111663.50 crore.
The promoters holding in the company stood at 44.07%, while Institutions and Non-Institutions held 20.11% and 35.81% respectively.
JSW Steel is planning to achieve 45 million tonnes per annum (MTPA) capacity well before its target of 2030 as it marks its foray into the eastern region of the country with the acquisition of Bhushan Power and Steel (BPSL). The company has acquired BPSL under the provisions of Insolvency Bankruptcy Code, 2016. This is an important milestone and it is the largest acquisition in the history of JSW Steel. This acquisition not only aligns with its core business and purpose but also establishes its presence and accelerates its growth vision in eastern India.
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.
