JSW Steel, the flagship business of the diversified $24 billion JSW Group, hit a four-month high in early morning trading on Monday, March 10 ₹The company’s combined crude oil production improved in February to 1,022 respectively.
In a filing with the exchange on Friday, the company informed investors that its consolidated crude oil production in February 2025 was 24.07 billion tons, a year-on-year increase of 12% from the same period last year.
The productivity of domestic steel production was 23.32 billion tons, a year-on-year increase of 13%. Over the past three decades, the company said it has grown from a single manufacturing sector to become India’s leading integrated steel company with a combined crude steel capacity of 35.7 MTPA, including the US 1.5 MTPA. The domestic crude steel has a capacity of 32.5 MTPA and the company hopes that its wholly-owned subsidiary, JSW Vijayanagar Metallics Ltd. (JVML), will reach 34.2 MTPA after a wholly-owned subsidiary of Vijayanagar Metallics Ltd. (JVML) fully commissioned the expansion project at Vijayanagar Metallics Ltd. (JVML).
In the next phase of growth, the company aims to increase its merger capacity to 43.5 MTPA over the next three years. The company’s Vijayanagar factory in Karnataka is India’s largest unit steel production plant with a capacity of 17.5 MTPA (including commissioning) according to exchange documents.
Stock rebounds in 8% of 6 meetings
JSW Steel’s share price has recovered cleverly, with nearly 8% of the stock price falling in six deals (including today), a decline in the U.S. dollar index, China’s stimulus, and Beijing’s announced production cuts are all helping stock price recovery.
China, the world’s top steel producer, announced last week that it would restructure its giant steel industry by cutting production. China’s steel exports have put pressure on global steel prices, causing Indian steel companies to earn a small amount per ton of steel sold in recent quarters.
According to market experts, China’s reduction in output will help alleviate oversupply and provide Indian companies with steel prices. In terms of demand, the world’s second-largest economy has set its GDP growth target for 2025 at 5%, the same as the previous year.
Additionally, China has announced stimulus measures to boost growth as trade tensions with the United States escalate, and hopes that metal prices will remain resilient and demand will remain strong.
Disclaimer: The opinions and suggestions given in this article are those of individual analysts. These do not represent the mint’s point of view. We recommend that investors contact certified experts before making any investment decisions.
