In March 2023, JSW Steel had been declared as a �Preferred Bidder� in respect of the auction of Banai & Bhalumuda Coal Block in Mand-Raigarh, upon acquisition and detailed feasibility study, this mine was not found suitable from a techno-commercial perspective for JSW Steel and hence the company decided not to go ahead with the investment to develop the Coal Block. Subsequently, the Coal Block Development and Production Agreement entered into by the company in respect of the said Block has been terminated by the Nomination Authority, Ministry of Coal, vide Order dated 07 November 2024.Powered by Capital Market - Live News

JSW Steel reported consolidated Crude Steel production for the month of October`24 at 22.81 Lakh tonnes. The total Crude Steel production was lower by 1% YoY. Capacity utilisation for the month at Indian Operations was affected by a temporary maintenance activity at one of the Blast furnaces at Dolvi, and stood at 89%. The blast furnace has since resumed full operations. The break-up of production is as below: (Lakh Tonnes) Particulars Oct`24Oct`23 YoY   Indian Operations 21.99  22.36  -2%    JSW Steel USA - Ohio0.82  0.76      Consolidated production 22.81  23.12  -1%  Powered by Capital Market - Live News

JSW Group (JSW), one of India�s fastest-growing conglomerates, has signed a Memorandum of Understanding (MoU) with Korea�s POSCO Group (POSCO), outlining a framework for collaboration in steel , battery materials, and renewable energy sectors in India.Powered by Capital Market - Live News

Net profit of JSW Steel declined 84.09% to Rs 439.00 crore in the quarter ended September 2024 as against Rs 2760.00 crore during the previous quarter ended September 2023. Sales declined 10.79% to Rs 39104.00 crore in the quarter ended September 2024 as against Rs 43834.00 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales39104.0043834.00 -11 OPM %13.7517.94 - PBDT3398.006015.00 -44 PBT1131.003996.00 -72 NP439.002760.00 -84 Powered by Capital Market - Live News

The Board of Directors of JSW Steel at its meeting held on October 18, 2024 has approved the acquisition of 100% equity interest in thyssenkrupp Electrical Steel India (tkES India), jointly with JFE Steel Corporation, Japan, through a 50:50 joint venture and the licensing / transfer of associated technology package relating to the operations of tkES India to the Company from thyssenkrupp group (together the Transaction). tkES India is in the business of manufacture and sale of grain-oriented electrical steel with its facility located in Nashik, Maharashtra.Powered by Capital Market - Live News