Monday 04 Aug, 2025 02:55 PM
Site map | Locate Us | Login
   Volumes soar at Sarda Energy & Minerals Ltd counter    UPL jumps after Q1 results signal margin recovery    MedPlus Health Q1 PAT climbs 195% YoY to Rs 42 crore    ICICI Bank Ltd slips for fifth straight session    Hero MotoCorp Ltd spurts 3.41%, rises for third straight session    TVS Motor Company Ltd spurts 3.5%, gains for third straight session    Colgate-Palmolive (India) Ltd spurts 0.04%, gains for fifth straight session    Tata Investment Corp jumps on stock split plan, Q1 results    Hero MotoCorp rises as dispatches jump 21% YoY to 449,755 units in July'25    Lloyds Engg gains after subsidiary secures Rs 20-cr order    G R Infra rises after Q1 PAT surges 57% YoY to Rs 244 cr    NMDC gains as iron ore production jumps 42% YoY in July 2025    L&T's renewables vertical bags significant order for Solar-BESS project in Bihar    Hindustan Fluoro Carbons Ltd leads gainers in 'B' group    JSW Steel edges higher after inking deal to expand GOES manufacturing capacity to 3.50 lakh TPA 
Saravan Stocks
       
Hot Pursuit
Scrips, which has significant changes during the market hours.
JSW Steel edges higher after inking deal to expand GOES manufacturing capacity to 3.50 lakh TPA
04-Aug-25   12:06 Hrs IST

The manufacturing pact would be executed through their joint venture (JV) entities, viz. JSW JFE Electrical Steel at Vijayanagar, Karnataka, and JSW JFE Electrical Steel Nashik, Maharashtra.

The capacity of the Karnataka plant would be increased to 100,000 tons per annum (TPA) from the earlier plan of 62,000 tons per annum. It is scheduled for commissioning by FY2028.

The production capacity of the Maharashtra-based plant would be expanded five-fold to 250,000 tons per annum and it is for phased commissioning from FY2028.

The two partners will jointly invest approximately Rs 5,845 crore towards this expansion.

This capital investment along with the previously announced investments at Vijayanagar facility and the acquisition of the Nashik facility would take the overall investments to Rs 15,560 crore.

JSW Steel stated that this expansion aims to address the rapidly growing domestic demand for high-efficiency electrical steel, especially in the renewable energy, energy transition for decarbonization, e-mobility, AI data center, etc.

Jayant Acharya, joint managing director & CEO, JSW Steel, said: 'India's green energy transformation, decarbonization and digital infrastructure development are triggering large demand for high-grade electrical steel.

Our GOES investment is a critical step in enabling import substitution, supporting India's energy transition goals, and delivering high-efficiency electrical steel solutions to the domestic and global markets.

JSW Steel is the flagship business of the diversified, US$ 23 billion JSW Group. As one of India's leading business houses, JSW Group also has interests in energy, infrastructure, cement, paints, realty, e-platforms, mobility, defence, sports, and venture capital.

The company reported a 158.46% year-on-year (YoY) increase in consolidated net profit to Rs 2,209 crore for the quarter ended 30 June 2025, compared to Rs 867 crore in the corresponding period last year. Revenue from operation rose 0.47% year on year to Rs 43,147 crore in the quarter ended 30 June 2025.

Powered by Capital Market - Live News
   Attention Investors : Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day........issued in the interest of investors.
   Attention Investors : Prevent unauthorised transactions in your account Update your mobile numbers/email IDs with your stock brokers / Depository Participant. Receive information of your transactions directly from Exchange / Depositories on your mobile / email at the end of the day .... Issued in the interest of Investors.
   Attention Investors : KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
   Attention Investors : No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
Email ID: info@ssplwealth.com       Customers grievances : grievances@ssplwealth.com     Compliance officer : Mr.R Udayakumar , compliance@ssplwealth.com,  Mobile No: 7305522205
Investor Charter | Annual Return | Account Closure | RE-KYC | Disclaimer | Feed Back | Privacy Policy | Policies & Procedures | Rights & Obligations-English | (Rights & Obligations, Risk Disclosure Document, Do's & Don't's) in Vernacular Language | Anti Money Laundering Policy | E-Voting | CSR | Voluntary Freezing / Blocking | Policy GTC | Policy On Inactive Trading Accounts | Risk Disclosure Hit Count : 43191545
Useful Links : NSE | BSE | MCX | NSDL | CDSL | SEBI | RBI | ATTENTION INVESTOR| SMART ODR
SEBI Regn.Nos : NSE/BSE-INZ000192638 | CDSL : IN-DP-262-2016
Member IDs : NSE : 11221 | BSE : 6292 | CDSL : 12045000 | MCX : 56990 | AMFI Regn.No : 2662
Designed , Developed & Content provided by CMOTS INFOTECH.(ISO 9001:2015 certified) © Copyright 2011 All Rights Reserved. SSPL Securities Private Limited