February 20, 2017 10:00 AM ET

Metals and Mining

Company Overview of JSW Steel Limited

Company Overview

JSW Steel Limited engages in the production and distribution of iron and steel products in India and internationally. It operates through Steel and Power segments. It offers hot rolled coils, sheets, and plates; cold rolled closed annealed coils and sheets; color coated products; galvanized products; galvalume products; non-grain oriented electrical steel; TMT bars; wire rods; steel bars/wires; rounds and blooms; and angles. The company also engages in the manufacture of pipes and double joints; operation of steel service center; provision of coke and pellets, as well as in prospecting and exploring coal, iron ore, and manganese. In addition, it is involved in coal loading and real estate bu...

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 Limited

Chairman, Managing Director and Member of Nomination & Remuneration Committee
Age: 57
Total Annual Compensation: 928.0K
Joint Managing Director, Group Chief Financial Officer, Executive 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 Corporate Social Responsibility Committee and Member of Hedging Policy Review Committee
Age: 58
Total Annual Compensation: 455.0K
Joint Chief Executive Officer
Age: 57
Chief Financial Officer
Age: 54
President of Operations
Age: 58
Compensation as of Fiscal Year 2016.

JSW Steel Limited Key Developments

JSW Steel Ltd. Reports Production Results for the Month of January 2017

JSW Steel Ltd. reported production results for the month of January 2017. For the month, the company produced crude steel of 1,385,000 tonnes compared to 927,000 tonnes a year ago. Rolled products: Flat was 1,031,000 tonnes against 747,000 tonnes a year ago. Rolled products: Long was 297,000 tonnes against 251,000 tonnes a year ago.

JSW Steel Seeks Acquisitions

JSW Steel Limited (BSE:500228) is seeking acquisitions. “The company has been and continues to look for opportunities to invest, acquire or tie-up in the LNG terminal business.” according to an investment banker. An e-mail query to JSW was not answered.

JSW Steel Ltd. Announces Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016

JSW Steel Ltd. announced unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2016. For the quarter on standalone basis, the company reported revenue from operation of INR 144,553.3 million compared to INR 80,759.0 million a year ago. Total income from operations was INR 145,830.5 million compared to INR 81,382.1 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 20,151.1 million compared to INR 3,189.4 million a year ago. Profit before tax was INR 11,918.6 million compared to loss of INR 41,544.6 million a year ago. Net profit after tax was INR 8,191.8 million or INR 3.39 per diluted share compared to loss of INR 41,544.6 million or INR 17.36 per basic and diluted share a year ago. For the nine months on standalone basis, the company reported revenue from operation of INR 395,386.8 million compared to INR 299,228.0 million a year ago. Total income from operations was INR 399,615.8 million compared to INR 302,440.9 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 62,992.1 million compared to INR 23,083.5 million a year ago. Profit before tax was INR 37,934.1 million compared to loss of INR 56,448.8 million a year ago. Net profit after tax was INR 25,731.5 million or INR 10.65 per diluted share compared to loss of INR 38,967.5 million or INR 16.29 per basic and diluted share a year ago. For the quarter on consolidated basis, the company reported revenue from operation of INR 150,972.4 million compared to INR 95,052.4 million a year ago. Total income from operations was INR 153,123.4 million compared to INR 95,892.5 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 19,523.4 million compared to INR 1,468.4 million a year ago. Profit before tax was INR 10,655.2 million compared to loss of INR 28,390.8 million a year ago. Net profit after tax after share of profit of non-controlling interest and share of profits of Associates/Joint Ventures was INR 7,305.5 million or INR 3.02 per diluted share compared to loss after tax after share of loss of non-controlling interest and share of profits of Associates/Joint Ventures of INR 7,090.9 million or INR 2.96 per basic and diluted share a year ago. For the nine months on consolidated basis, the company reported revenue from operation of INR 420,115.0 million compared to INR 337,794.4 million a year ago. Total income from operations was INR 426,190.3 million compared to INR 342,295.7 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 64,573.8 million compared to INR 19,820.9 million a year ago. Profit before tax was INR 37,331.1 million compared to loss of INR 27,750.3 million a year ago. Net profit after tax after share of profit of non-controlling interest and share of profits of Associates/Joint Ventures was INR 25,655.1 million or INR 10.68 per diluted share compared to loss after tax after share of loss of non-controlling interest and share of profits of Associates/Joint Ventures of INR 6,316.0 million or INR 2.64 per basic and diluted share a year ago.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 16, 2016
JSW Industrial Gases Private Limited
 

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