March 03, 2015 10:57 AM 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 conducts its operations primarily through Steel, Power, and Others segments. Its portfolio of products include hot rolled coils, sheets, and plates; cold rolled coils and sheets; galvanized products; galvalume products; pre-painted galvanized products; pre-painted galvalume products; TMT bars; wire rods and steel bars; and rounds and blooms. The company is also involved in coal and iron ore mining operations in Chile, the United States, and Mozambiqu; coal loading and port operations; generating power; manufacturing pre-fabricated building systems and technologies; trading iron ore and ...

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: 55
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: 56
Total Annual Compensation: $35.0M
Deputy Managing Director, Whole-Time Director, Member of Employees Stock Ownership Committee, Member of Project Review Committee, Member of Finance Committee, Member of Risk Management Committee, Member of Business Responsibility/Sustainability Reporting Committee and Member of Corporate Social Responsibility Committee
Age: 59
Total Annual Compensation: $26.1M
Director of Commercial & Marketing, Whole Time Director, Marketing Professional, 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: 51
Total Annual Compensation: $22.5M
Compensation as of Fiscal Year 2014.

JSW Steel Ltd. Key Developments

JSW Steel Ltd. Presents at 8th Annual dbAccess India Conference 2015, Mar-02-2015

JSW Steel Ltd. Presents at 8th Annual dbAccess India Conference 2015, Mar-02-2015 . Venue: Grand Hyatt Mumbai, Off Western Express Highway, Santacruz (East), Mumbai 400 055, Maharashtra, India. Speakers: Seshagiri Rao, Joint Managing Director & Group Chief Financial Officer.

JSW Steel Provides Capex Guidance for the Year Ending March 2015

JSW Steel has cut capex plans by 20% this year. The company is planning to invest INR 60,000 million for the year ending March 2015.

JSW Steel Ltd. Announces Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014

JSW Steel Ltd. announced unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, on standalone basis, the company reported net sales of INR 113,099.6 million compared to INR 117,314.4 million a year ago. Total income from operations was INR 115,051.8 million compared to INR 119,644.9 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 14,049.1 million compared to INR 16,128.2 million a year ago. Profit before tax was INR 6,106.6 million compared to INR 9,542.9 million a year ago. Net profit after tax was INR 4,146.9 million compared to INR 6,521.5 million a year ago. Basic and diluted EPS was INR 16.81 compared to INR 26.64 a year ago. For the nine months, on standalone basis, the company reported net sales of INR 345,661.7 million compared to INR 322,747 million a year ago. Total income from operations was INR 351,050 million compared to INR 328,083.1 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 51,232.5 million compared to INR 42,667.9 million a year ago. Profit before tax was INR 29,140.2 million compared to INR 7,782.6 million a year ago. Net profit after tax was INR 19,777.5 million compared to INR 5,326.4 million a year ago. Basic and diluted EPS was INR 80.78 compared to INR 21.02 a year ago. For the quarter, on consolidated basis, the company reported net sales of INR 129,269.7 million compared to INR 133,833.8 million a year ago. Total income from operations was INR 132,229.5 million compared to INR 136,227.7 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 14,056.8 million compared to INR 16,036.1 million a year ago. Profit before tax was INR 4,820.8 million compared to INR 8,287.2 million a year ago. Net profit after tax was INR 3,068 million compared to INR 4,550.1 million a year ago. Basic and diluted EPS was INR 13.26 compared to INR 18.96 a year ago. For the nine months, on consolidated basis, the company reported net sales of INR 396,862.1 million compared to INR 363,207.6 million a year ago. Total income from operations was INR 403,718.1 million compared to INR 368,772.1 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 51,834.3 million compared to INR 42,781.6 million a year ago. Profit before tax was INR 26,202.7 million compared to INR 3,864.7 million a year ago. Net profit after tax was INR 16,885.8 million compared to net loss after tax of INR 741.2 million a year ago. Basic and diluted EPS was INR 70.70 compared to basic and diluted LPS of INR 2.29 a year ago.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 18, 2014
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