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economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
JSW Steel shares surge to 4-month high as February steel output jumps 12% YoY
JSW Steel climbed as much as 2.1% on Monday to a four-month high of Rs 1,032.5 on the BSE, after the company reported a 12% year-on-year (YoY) increase in consolidated crude steel production for February 2025.
In a filing to the exchanges on Friday, JSW Steel said its consolidated crude steel production for February stood at 24.07 lakh tonnes, compared to 21.49 lakh tonnes in the same period last year. The company’s domestic operations contributed 23.32 lakh tonnes, reflecting a 13% YoY jump, while its U.S. steel production came in at 0.75 lakh tonnes.
India’s largest integrated steel producer has expanded aggressively over the last three decades, growing from a single manufacturing unit to a global steel giant. The company currently has a consolidated crude steel capacity of 35.7 million tonnes per annum (MTPA), including 1.5 MTPA in the US.
The company’s domestic crude steel capacity stands at 32.5 MTPA, with plans to increase it to 34.2 MTPA following the full commissioning of an expansion project at JSW Vijayanagar Metallics Ltd (JVML) in Karnataka.
Looking ahead, the company aims to boost its total steelmaking capacity to 43.5 MTPA within the next three years. The company’s Vijayanagar plant, which is the largest single-location steel-producing facility in India, has a current capacity of 17.5 MTPA, including the under-commissioning expansion.
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