Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


August 04, 2015 4:49 PM ET

Metals and Mining

Company Overview of JSW Steel Ltd.

Company Overview

JSW Steel Limited manufactures and sells iron and steel products in India and internationally. The company operates through two segments, Steel and Power. The company’s portfolio of products include hot rolled coils, sheets, and plates; cold rolled coils and sheets; galvanized products; galvalume products; pre-painted galvanized and galvalume products; TMT bars; wire rods and steel bars; rounds and blooms; and angles. It is also involved in the provision of coke and pellets, and color coated coils/sheets; business of purchase and sale of land, development rights, immovable properties, construction, lease and mortgage, and others; and plate and pipe mill, coal and iron ore mining, and coal lo...

JSW Centre

Bandra Kurla Complex

Bandra (East)

Mumbai,  400051

India

Founded in 1994

Phone:

91 22 4286 1000

Fax:

91 22 4286 3000

Key Executives for JSW Steel Ltd.

Chairman, Managing Director and Member of Nomination & Remuneration Committee
Age: 56
Total Annual Compensation: $74.5M
Joint Managing Director, Group Chief Financial Officer, Whole-Time Director, Chairman of Finance Committee, Member of Risk Management Committee, Member of Employees Stock Ownership Committee, Member of Business Responsibility/Sustainability Reporting Committee, Member of Forex Hedging Policy Review Committee and Member of Corporate Social Responsibility Committee
Age: 57
Total Annual Compensation: $35.0M
Deputy Managing Director, Whole-Time Director, Member of Project Review Committee, Member of Finance Committee, Member of Employees Stock Ownership Committee, Member of Risk Management Committee, Member of Business Responsibility/Sustainability Reporting Committee and Member of Corporate Social Responsibility Committee
Age: 60
Total Annual Compensation: $26.1M
Director of Commercial & Marketing, Whole Time Director, Member of Finance Committee, Member of Risk Management Committee, Member of Employees Stock Ownership Committee, Member of Business Responsibility/Sustainability Reporting Committee and Member of Corporate Social Responsibility Committee
Age: 52
Total Annual Compensation: $22.5M
Compensation as of Fiscal Year 2014.

JSW Steel Ltd. Key Developments

JSW Steel Receives Shareholders' Approval to Raise Up to INR 140,000 million

JSW Steel has received shareholders' approval to raise a total of INR 140,000 million through private placement and qualified institutional placement (QIP) route. The fund will be utilized for planned capital expenditure including refinancing of expensive debt and reducing interest costs, among other corporate purposes.

JSW Steel Ltd. Reports Unaudited Consolidated and Standalone Earnings Results for the First Quarter Ended June 30, 2015

JSW Steel Ltd. reported unaudited consolidated and standalone earnings results for the first quarter ended June 30, 2015. For the quarter, on standalone basis, the company reported total income from operations (net) of INR 101,281.5 million compared to INR 115,463.3 million a year ago. Profit from operations before other income, financial costs & exceptional items was INR 7,524.9 million compared to INR 17,976.1 million a year ago. Profit before tax was INR 460.6 million compared to INR 11,726.2 million a year ago. Net profit after tax was INR 307.5 million or INR 0.92 per basic and diluted share compared to INR 8,013.7 million or INR 32.81 per basic and diluted share for the same period a year ago. For the quarter, on consolidated basis, the company reported total income from operations (net) of INR 115,761.9 million compared to INR 132,540.7 million a year ago. Profit from operations before other income, financial costs & exceptional items was INR 6,887.7 million compared to INR 18,162.7 million a year ago. Loss before tax was INR 1,084.1 million compared to profit before tax of INR 10,264.3 million a year ago. Net loss after tax after share of profit of minority and share of profits was INR 1,068.1 million or INR 4.77 per basic and diluted share compared to net profit after tax after share of profit of minority and share of profits of INR 6,564.9 million or INR 26.82 per basic and diluted share for the same period a year ago.

JSW Steel Ltd. Announces Board Changes

JSW Steel Ltd. has informed that the Board of Directors of the Company at its meeting to be held on July 29, 2015, has transacted Completion of term of two Independent Directors, Dr. S. K, Gupta and Mr. Sudipto Sarkar, Independent Directors have ceased to be on the Board upon completion of their term as Independent Directors, on July 28, 2015. Appointment of Mr. Malay Mukherjee as an Independent Director.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 18, 2014
Welspun Maxsteel Ltd.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact JSW Steel Ltd., please visit www.jsw.in/steel. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.