JSW Steel jumps on reporting group combined crude steel production at 5.07 million tonnes for Q2 FY22
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JSW Steel is currently trading at Rs. 672.35, up by 6.35 points or 0.95% from its previous closing of Rs. 666.00 on the BSE.
The scrip opened at Rs. 670.00 and has touched a high and low of Rs. 677.70 and Rs. 666.70 respectively. So far 939937 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 776.50 on 06-Aug-2021 and a 52 week low of Rs. 279.45 on 12-Oct-2020.
Last one week high and low of the scrip stood at Rs. 690.20 and Rs. 655.45 respectively. The current market cap of the company is Rs. 162183.41 crore.
The promoters holding in the company stood at 44.07%, while Institutions and Non-Institutions held 20.60% and 35.33% respectively.
JSW Steel has reported group combined crude steel production at 5.07 million tonnes for Q2 FY’22, including the production at jointly controlled entities viz. Bhushan Power & Steel (BPSL) and JSW Ispat Special Products (JISPL).
The capacity utilization at standalone level was at 91% in Q2’22. During Q2’22, Vijayanagar works has taken planned shutdown for campaign repairs of two of its convertors and Salem works has taken annual shutdown of one of its Blast Furnaces, due to which the capacity utilisation remained at an average of 91% in this quarter.
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.
