JSW Steel gains on reporting 3% rise in Q1FY27 crude steel production
JSW Steel is currently trading at Rs. 1228.75, up by 9.35 points or 0.77% from its previous closing of Rs. 1219.40 on the BSE.
The scrip opened at Rs. 1227.30 and has touched a high and low of Rs. 1,231.55 and Rs. 1221.00 respectively. So far 11838 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1327.35 on 27-May-2026 and a 52 week low of Rs. 1017.75 on 28-Jul-2025.
Last one week high and low of the scrip stood at Rs. 1252.20 and Rs. 1212.70 respectively. The current market cap of the company is Rs. 299837.11 crore.
The promoters holding in the company stood at 45.32%, while Institutions and Non-Institutions held 37.04% and 17.64% respectively.
JSW Steel reported consolidated crude steel production of 6.59 million tonnes in the first quarter of FY2026-27 (Q1FY27), registering a 3% year-on-year (YoY) increase from 6.38 million tonnes in the corresponding quarter last year. The company's Indian operations reported a 3% rise in crude steel production to 6.35 million tonnes in Q1FY27 from 6.14 million tonnes in Q1FY26. Meanwhile, JSW Steel USA (Ohio) produced 0.24 million tonnes of crude steel in Q1FY27.
Blast Furnace 3 (BF3) of Vijayanagar, was under shutdown for upgradation of capacity, started hot-metal production from June 23, 2026. The Crude steel production growth for the quarter remained at 3% YoY, mainly due to the BF3 shutdown. Excluding BF3 production impact from last year’s base, Q1FY27 volumes grew around 15% YoY, driven by full ramp-up of JVML operations and improved utilisation at Dolvi Unit. The capacity utilisation for Indian operations for Q1FY27 (excluding BF3 capacity under shutdown) was at around 94%.
