The Board of JSW Steel at its meeting held on 19 July 2024 has approved (a) the transfer of Slurry Pipe Line undertaking of JSW Utkal Steel, a wholly owned subsidiary of JSW Steel (Company) for the transportation of iron ore from Nuagaon mines to Jagatsinghpur in the State of Odisha, by way of Slump Sale to JSW Infrastructure, a related party and (b) to enter into a long term take or pay agreement with JSW Infrastructure for the transportation of iron ore slurry from Nuagaon mines to Jagatsinghpur by slurry pipeline mode, for a period of 20 years, by the Company (including its subsidiaries).Powered by Capital Market - Live News

Net profit of JSW Steel declined 63.86% to Rs 845.00 crore in the quarter ended June 2024 as against Rs 2338.00 crore during the previous quarter ended June 2023. Sales rose 1.36% to Rs 42337.00 crore in the quarter ended June 2024 as against Rs 41771.00 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales42337.0041771.00 1 OPM %12.9916.79 - PBDT3589.005380.00 -33 PBT1380.003480.00 -60 NP845.002338.00 -64 Powered by Capital Market - Live News

JSW Steel reported consolidated Crude Steel production for the first quarter of FY 2024-25 at 6.35 million tonnes. The Crude Steel production was lower by 1% YoY and 6% QoQ mainly due to a planned maintenance shutdowns. Capacity utilisation at Indian Operations stood at 87% for Q1 FY25.The break-up of production is as below: (Mnt) Particulars Q1 FY25 Q4 FY24Q1 FY24 QoQ YoY   Indian Operations6.12  6.54  6.19  -6%  -1%    JSW Steel USA - Ohio 0.23  0.25  0.24       Consolidated Production   6.35  6.79 6.43 -6%  -1%    JSW Ispat Special Products (Merged from 31/07/23)  -  - 0.18       Total Combined Volumes  6.35  6.79 6.61 -6%  -4%  Powered by Capital Market - Live News

JSW Steel announced that the 30th Annual General Meeting (AGM) of the company will be held on 26 July 2024.Powered by Capital Market - Live News

JSW Steel and JFE Steel Corporation (JFE) have commenced pilot demonstration of cloud-based Cyber-Physical System (CPS) technologies for blast furnace operations at JSW Steel Vijayanagar Works. Through this revolutionary digital project, JSW Steel will leverage data science technologies in a cloud environment to enhance efficiency of its blast furnace operations in the manufacturing of steel. This is the first project wherein JFE provides its proprietary CPS capability to JSW Steel through a cloud-based environment. JSW and JFE will be deepening this strategic collaboration through various other digital transformation initiatives in the production of steel to be implemented at JSW Steel in the future. JFE will continue to develop this solution-based services for its partners across various global markets. JSW Steel & JFE will jointly operate the cloud-based data science technology called Blast Furnace Cyber-Physical System (BF-CPS) at JSW Steel Vijayanagar Works. The BF-CPS intervention will enable JSW Steel to visualize and predict the blast furnace operations as well as aid in abnormality predictiveness through hot metal temperature control model & channeling prediction. This will enable JSW Steel to reduce operational impediments at its blast furnaces resulting in agile and stable operational outcomes. It is also expected to contribute to reduction of CO2 emissions in blast furnace operations. JFE introduced this technology across all of its 7 blast furnaces and continuously achieved highly-efficient and stable operations. Powered by Capital Market - Live News