JSW Steel Ltd (JSWSTEEL) Share Price

JSW Steel Limited is one of India’s prominent steel companies. It is headquartered in Mumbai, Maharashtra. JSW Steel is a leading producer of steel in the country and is the flagship company of the Indian conglomerate JSW Group. The story of JSW Steel dates back to 1982 when the steel-maker Jindal Group established its first plant at Vasind near Mumbai after the group got its hands on Piramal Steel Limited through acquisition. Piramal Steel ran a mini steel mill at Tarapur, Maharashtra. Post-acquisition, Jindal Group renamed the firm as Jindal Iron and Steel Company (JISCO). Another Jindal Group subsidiary, Jindal Vijayanagar Steel Limited (JVSL) - was established in 1994. JVSL’s first steel plant was located at Toranagallu, Karnataka. The company issued its Initial Public Offer (IPO) in 1995. 2005 was an important year for the company when Jindal Group decided to merge Jindal Iron and Steel Company (JISCO) and Jindal Vijayanagar Steel Limited (JVSL). Thus, JSW Steel as it is currently known was formed. Three years later, JSW Steel entered into a joint agreement with a steel plant in Georgia named Geo Steel LLC. A year later, JSW Steel came together with Japan's JFE Steel Corp to sign a strategic agreement to produce automotive steel products. In 2010, JSW Steel got its hands on an integrated steel plant at Dolvi, Maharashtra through acquisition. 2012 was the year when JSW Steel merged with JSW Ispat Steel. Steel-maker JSW Steel purchased Indian multinational conglomerate Welspun Maxsteel Limited in 2014. Five years later, JSW Steel purchased the bankrupt steel company Bhushan Power & Steel. JSW Steel further expanded as it purchased a controlling stake in steel-making firm Neotrex Steel in 2021. In the following year, the JSW Steel Board of Directors approved the merger of subsidiaries Creixent Special Steels Limited and JSW Ispat Special Products Limited with JSW Steel. In 2023, a JSW Steel arm purchased a stake in a home furnishings and decor start-up Ayena Innovation.  

Products and services 

JSW Steel manufactures several steel products for various applications across industries such as construction, automotive, infrastructure, energy and packaging. As of March 2022, JSW Steel had a domestic crude steel capacity of 27 Metric Tonnes per Annum (MTPA). The firm had an international capacity of 1.5 MTPA. JSW Steel manufactures Hot-rolled coils that are used in applications such as construction, pipes, tubes and automotive components. It also produces cold-rolled coils that are used in applications such as automotive components, appliances and furniture. JSW Steel also produces colour-coated products, galvanised products and Avante Steel Doors. JSW Steel also makes electrical steel which is used in the manufacture of electrical components such as motors, transformers and generators.

Listing 

JSW Steel is listed on BSE, NSE, Madras Stock Exchange, Calcutta Stock Exchange, etc. The company is a part of multiple indices like Nifty 50, Nifty 500, S&P BSE Sensex 50 etc.