JSW Steel declines on reporting marginal fall in consolidated crude steel production in Q1FY25
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. 922.55, down by 12.45 points or 1.33% from its previous closing of Rs. 935.00 on the BSE.
The scrip opened at Rs. 934.95 and has touched a high and low of Rs. 935.15 and Rs. 919.30 respectively. So far 19064 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 958.95 on 04-Jul-2024 and a 52 week low of Rs. 723.15 on 01-Nov-2023.
Last one week high and low of the scrip stood at Rs. 958.95 and Rs. 919.30 respectively. The current market cap of the company is Rs. 225666.49 crore.
The promoters holding in the company stood at 44.81%, while Institutions and Non-Institutions held 36.39% and 18.81% respectively.
JSW Steel has reported consolidated crude steel production for Q1FY25 at 6.35 million tonnes, declining by 1% Year-on-Year over 6.43 million tonnes in Q1FY24. The Crude Steel production was lower by 1% YoY and 6% quarter- on- quarter (QoQ) mainly due to a planned maintenance shutdowns. The capacity utilisation at Indian Operations stood at 87% for Q1FY25.
The company reported production of 6.12 million tonnes from Indian Operations in Q1FY25 over 6.19 million tonnes in Q1FY24, a de-growth of 1%. JSW Steel USA - Ohio’s crude steel production stood at 0.23 million tonnes in Q1FY25.
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.
