JSW Steel surges as its arm gets environmental clearance for Greenfield steel plant in Odisha
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/04/d8399abef037b19045bef4315f67aba9.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
JSW Steel is currently trading at Rs. 765.45, up by 9.70 points or 1.28% from its previous closing of Rs. 755.75 on the BSE.
The scrip opened at Rs. 756.20 and has touched a high and low of Rs. 781.25 and Rs. 756.20 respectively. So far 113940 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 781.25 on 13-Apr-2022 and a 52 week low of Rs. 566.35 on 24-Feb-2022.
Last one week high and low of the scrip stood at Rs. 781.25 and Rs. 726.05 respectively. The current market cap of the company is Rs. 185026.14 crore.
The promoters holding in the company stood at 44.71%, while Institutions and Non-Institutions held 20.10% and 35.19% respectively.
JSW Steel’s wholly-owned subsidiary -- JSW Utkal Steel has received the environmental clearance (EC) for setting up of a greenfield Integrated Steel Plant (ISP) of 13.2 million tonnes per annum (MTPA) crude steel from the Union Ministry of Environment & Forest and Climate Change (MoEF&CC). The mega project will generate huge employment opportunities in the region, which in turn will boost the economy of Odisha state.
The capital expenditure for the modern, green and environment-friendly integrated steel plant (ISP) project is expected to be approximately Rs 65,000 crore including associated facilities. The phase-wise work for the project will start once the land is handed over to the company by the government of Odisha. The project is one of the largest in the manufacturing sector in the country and MoEF&CC accorded the EC after successful public hearings.
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.
![](https://portfolio.investmentguruindia.com/uploads/news/insurance 123.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Wipro.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/2b1715f7e03b51b0ac9c014eb224fc1f.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/gdp22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Dollar retures 2.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/health22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Arvind Kapil, MD and CEO, Poonawalla Fincorp.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/stock8.jpg)
More News
![](https://portfolio.investmentguruindia.com/uploads/news/ITSector27Feb.jpg)
EFC (I) moves up on getting nod to invest in Eleganz Interiors
![Poonawalla Fincorp moves up on getting RBI`s permission to issue co-branded credit card with IndusInd Bank](https://portfolio.investmentguruindia.com/uploads/news/40481833f41f915f038e53cd472acc67.jpg)
![Power Grid surges on joining hand with Africa50 to develop transmission project in Kenya](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/01/ca0b0af1e13f71b09419dc4ae1a69493.jpg)
![Key News - Housing Development Finance Corporation, Swmabhan Commerce Private Ltd,Nayara Energy, By ARETE Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/03/b627365e79cca710a57173b92e74cd0e.jpg)