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Coronavirus boosts Indian steel export prospects as China chokes By Swansy Afonso Terms of Trade is a daily newsletter that untangles a world threatened by trade wars.
#"arcelormittal nippon steel india ltd"#"icra"#"JSW Steel Ltd"#"steel ministry"#Coronavirus
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In April, the company had announced acquisition of steel plates and coils business of Welspun for ₹848 crore. JSW Steel has completed the acquisition of the steel plate and pipe business of Welspun Corp by paying the last tranche of ₹86 crore. ⠀ Follow Digital Media Hubs for Business & Technology- News, Blogs, Posts, Quotes. ⠀ #DigitalMediaHubs #JSW #JSWSteel #Welspun #Acquisition #Business — view on Instagram https://ift.tt/3iDwHS4
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NCLAT defers hearing on JSW Steel's Bhushan Power buyout till Jan 31
NCLAT defers hearing on JSW Steel’s Bhushan Power buyout till Jan 31
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The National Company Law Appellate Tribunal (NCLAT) on Thursday adjourned till January 31 its hearing on Bhushan Power and Steel Ltd’s sale to JSW Steel under the insolvency process. The appellate tribunal has given around one week more to investigative agencies to file an affidavit clarifying whether prosecution against Bhushan Power and Steel Ltd (BPSL) can be dropped once JSW Steel, the…
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JSW Steel, JSPL Bids May Be Decided Soon; Check Details
JSW Steel, JSPL Bids May Be Decided Soon; Check Details
The government is expected to finalise the sale of ailing helicopter operator Pawan Hans on Saturday and bids from JSW Steel and Jindal Steel & Power Ltd (JSPL) have been received, according to a report quoting sources. The Pawan Hans disinvestment Hans is estimated to fetch Rs 300-350 crore. The Centre has a disinvestment target of Rs 65,000 crore in the financial year 2022-23. It already has a…
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IT Park In Nagpur: The Next Tech-Hub Of India
“I have been very confident and very upbeat about the future potential of India. I think it is a great country with great potential”. – Ratan Tata
By reading this quote I am thinking about the future of Nagpur. Nagpur is a peaceful city in comparison to other bigger cities in India. The famous place for IT companies in Nagpur is “IT park”. The IT park in Nagpur is one of the unique park where it possess most reputed IT companies.
This city is very important for the banking sector as it serves as regional office of Reserve Bank of India, which was opened on 10 September 1956. The Reserve Bank of India has two branches in Nagpur. One of them possess India’s entire gold assets.
Sitabuldi market in central Nagpur, called as the heart of the city. Likewise, Persistent Systems is the heart of the IT park, because it is most valuable IT company in Nagpur. Other prominent GlobalLogic, HCL, Tech Mahindra, Infosys, Tata Consultancy Services (TCS), etc. are some other best IT companies have their work stations in Nagpur. As it is the next Tech capital of Maharashtra. We are seeking for so many new possibilities in technology.
Other than IT park, Mihan is also emerging in Nagpur for the next future IT-hub. Many reputed companies are located there. Dassault Reliance Aerospace Limited (DRAL) has its manufacturing facility in MIHAN where it is manufacture the Falcon jets. Pharmaceutical company Lupin also has its facility in the SEZ Mihan.
The Butibori industrial area is one of the largest in Asia in terms of industrial area. It includes other power transmission companies like Gammon India Limited (T & D), Gammon India Ltd. (Infra), KEC, Calderys India, Unitech Power Transmissions Limited, etc.
The Hingna industrial area is on the western side of the city, made up of around 900 small and medium industrial units. The major compamies among them are the tractor manufacturing plant of Mahindra and Mahindra, casting units of NECO Ltd., Candico, Bharat Containers making aluminium aerosol cans Pix Transmissions, and Sanvijay Rolling & Engineering Ltd. (SREL).
Kalmeshwar MIDC has 164 industrial plants. JSW Steel company, KTM Textile company, ESAB India Ltd company, ZIM Pharma Ltd company, Unijuels life sciences, Chemfield Pharmaceuticals Private Ltd. company, Minex Injection Product Private Ltd. company, Minex Metallurgical Co.Ltd., etc. are a few big names.
IT park in Nagpur provide all types of IT support and services to these industrial sectors in Nagpur. In the past few years, Nagpur has been evolved to the next level. It is the fastest Metro in the country and this is a good. No one can ever imagine that metro will run in Nagpur, and transform it to “Metro City”.
Future of Nagpur is shining and the list of rich people is only going up. From very few crorepatis about ten years ago, the figure has now strikes at 438 billionaires. And the number is increasing till now.
Nagpur is the 13th largest city in India by population census. Nagpur is projected as the fifth fastest growing city in the world from 2019 to 2035 with an average growth of 8.41%, which is commendable. It has been announced that Nagpur is one of the finest Smart City in Maharashtra very soon it becomes one of the top ten cities in India in Smart City Project execution.
Due to these emerging changes, IT park in Nagpur get a boost for the growth. Many new companies are emerging in Nagpur. Most of the start-ups are already launched. Nagpur is an upcoming metropolis.
In 2004, Nagpur was ranked the fastest-growing city in India. As in terms of the number of households with an annual income of ₹1 crore (10 million) this city is setting new milestones. After Mumbai and Pune , future of Nagpur is establishing itself as a strong competitors in the field of Information Technology.
Nagpur city had attracted crores rupees of investment in till now. Its per capita income was ₹123,610 (US$1,700) in 2015. Its GDP was estimated to be $15.10 billion in 2016.
Lockdown somewhere, affect the economy most. Whole world is fighting with this pandemic. Everything is shutting down and the Indian economy goes down continuously. In this crucial situation, The IT companies plays important role in building the economy. They are digitizing everything so that every individual will able to enjoy and can consume products and services.
Nagpur is home to ice-cream manufacturer Dinshaws, Indian dry food manufacturer Haldiram’s, Indian ready-to-cook food manufacturer Actchawa, spice manufacturer Suruchi International] and Ayurvedic products company Vicco and Baidyanath and many more. Every brand in Nagpur is serving their customers using digital platform.
The future of Nagpur is I can see like, every business will run digitally and every citizen avails the goods and services from online platform. In such a pandemic where every person is looking for online service, IT companies has great opportunity to grab the market and be the king of it.
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BRIEF-MSTC Signs Service Provider Agreement With JSW Steel For Sale Of Iron Ore ROM, Other Products
BRIEF-MSTC Signs Service Provider Agreement With JSW Steel For Sale Of Iron Ore ROM, Other Products
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Risk Disclosure: Fusion Media will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible. Currency trading on margin…
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Trending stocks: JSW Steel shares trade flat in early session
Trending stocks: JSW Steel shares trade flat in early session
NEW DELHI: Shares of JSW Steel Ltd. traded 0.38 per cent up in Thursday’s trade at 10:05AM (IST). Around 141431 shares changed hands on the counter. The stock opened at Rs 271.1 and touched an intraday high and low of Rs 279.9 and Rs 271.1, respectively, in the session so far.
The stock quoted a 52-week high of Rs 314.0 and a 52-week low of Rs 132.5.
In a move that could delay the plans of JSW…
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Sensex Falls 450 Points, Nifty Slides Below 11,950; Banking, Auto, Metal Stocks Weak
All NSE sectoral indices are trading in the red; metal and pharma indices lost more than 2 per cent each.The markets have opened in the red, in line with the Asian bourses, due to increasing concerns that global economic growth could take a sustained hit from rising number of coronavirus cases outside China. At 9.35 am, the BSE Sensex was quoting at 40,747, weaker by 423 points or 1 per cent and the Nifty was at 11,947, down 131 points or 1 per cent.The broader markets are also trading weak, with the BSE Midcap index shedding 0.8 per cent to 15,560 and the smallcap index losing 0.4 per cent to 14,687. All the NSE sectoral indices are trading in the red, with metal and pharma indices losing more than 2 per cent each.Stocks in South Korea led losses across Asia after the country raised its coronavirus alert to the 'highest level' following a recent spike in cases throughout the country. Elsewhere, the Shanghai composite was down more than 0.4 per cent and Hang Seng traded lower by 1.3 per cent.Chinese President Xi Jinping said on Sunday the coronavirus epidemic is the country's "largest public health emergency". The death toll from the deadly virus has already climbed to 2,592. The IMF also warned that the deadly epidemic could put an already fragile global economy recovery at risk. US stocks had fallen on Thursday, led by declines in technology heavyweights after reports of new coronavirus cases in China and other countries intensified fears over its spread and impact on the global economy.The Dow Jones fell 128 points or 0.4 per cent to 29,219, the S&P 500 lost 12 points or 0.3 per cent to 3,373 and Nasdaq Composite dropped 66 points or 0.6 per cent to 9,750.On the commodities front, oil prices plunged this morning; Brent crude futures were down 3 per cent to $56.73 per barrel and US crude futures contract dropped 2.7 per cent to $51.93 per barrel.The market has been in a tight range for the last two weeks, post the earnings season, amid concerns over the rampaging coronovirus. In the previous session on Thursday, the Sensex had settled 152 points or 0.3 per cent, lower at 41,170 and Nifty had slipped 45 points or 0.3 per cent to 12,080.Meanwhile, on a net basis, foreign institutional investors bought equities worth Rs 1,495.25 crore, while domestic institutional investors sold shares worth Rs 699.62 crore on Thursday, data available with stock exchanges showed.Experts reckon that the markets may be volatile this week due to the expiry of February derivative contracts on February 27 and developments surrounding the coronavirus. The US President Donald Trump would be visiting the country for two days, i.e. February 24-25, and this would also be something to watch for.Metal stocks are leading the slide on the NSE. Hindalco has nosedived 5.8 per cent to Rs 179 to top the loser's list on the NSE. Tata Steel, JSW Steel and Vedanta are the other significant losers, shedding between 3 per cent and 4 per cent each, on the NSE. In the banking space, ICICI Bank has weakened by more than 2 per cent, while Axis Bank, HDFC Bank and Bank of Baroda have shed more than 2 per cent each. And in the auto index, Tata Motors, Maruti Suzuki and Hero Motocorp have shed around 2 per cent each. IT stocks are bucking the weak trend, with Infosys, Tech Mahindra and TCS gaining half per cent to 1 per cent each. The market breadth is weak. Out of 1644 stocks traded on the BSE, there are 528 advancing stocks as against 1014 declines. Read the full article
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Equity benchmark indices oscillated between gain and losses in the opening trade as selling pressure was seen in pharma and media stocks. NTPC, Tata Steel, Grasim, and SBI are among top gainers, while Zee, Bharti Airtel, JSW Steel and Tech Mahindra were among top losers in today’s trade. The Sensex was quoting at 39,530, up 96 points, while the Nifty was at 11,873, up 28 points. The market breadth was positive on the NSE with 1,154 shares advancing, 407 shares declining, and 524 remaining unchanged. Shares of Manpasand Beverages hit 20% lower circuit on the NSE after top executives of the company including managing director have been arrested on allegations of GST fraud. Shares of NTPC zoomed 4.5% after the company posted a 48.7% jump in its standalone net profit at Rs4,350cr for the March quarter compared to the year-ago period mainly on the back of lower expenses. The Indian rupee opened higher as much as 0.19% to 69.39 against the greenback. The Volatility gauge, India VIX is down 0.33% at 16.41. The most active stocks on the NSE are SBI, Page Industries, Yes Bank, and ICICI Bank. Meanwhile, oil prices rose as ongoing supply cuts led by OPEC kept markets relatively tight. Brent crude futures were at $69.10 per barrel, up 0.6% from their last close. Get more details here: Intraday stock tips, Financial Advisory Company ,Derivative Free Trial,Stock tips Call on:9977499927 * Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
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Stock Market Today, Sensex, Nifty Range Today
Equity benchmark indices moved between gain and losses in the opening, and indices extend the early morning gains with Nifty around 11,900 level. The Sensex, during mid-morning, was quoting at 39,575 up 140 points, while the NSE Nifty was at 11,878, up 34 points. NTPC, Yes Bank, TataSteel, Grasim and PowerGrid were among major gainers on the NIfty, while losers are JSW Steel, TechMahindra, BajajAuto and Zee Entertainment. Among sectors, except Nifty Pharma, all the Nifty sectoral indices were trading in the green with maxim gain in Nifty PSU bank index, with major leads in Central bank, Jammu and Kashmir bank and Syndiate Bank with 2 to 3% gains. Results today: Zee Entertainment, Adani Ports & SEZ, GAIL, NHPC, MothersonSumi Systems, Oil India, Natco Pharma, Prestige Estates Projects, InterGlobe Aviation, BHEL Colgate Palmolive, DCM Shriram, ForceMotors, Relaince communication were among major companies that announce their quarterly results today. Free Intraday Trading tips, MCX Free Tips, Commodity tips and Stock Tips Read the full article
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VS Enterprises - Royale Luxury Emulsion - Luxurious Interior Wall Finishes
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The Comprehensive Study on About Global Ultra-High Strength Steel Market 2018 by Growth Factors, Applications, Regional Analysis, Key Players-Nippon Steel & Sumitomo Metal Corporation, Posco, Arcelormittal S.A, Saab Group.
Ultra-High Strength Steel Market
Global Ultra-High Strength Steel Market Review Forecast to 2023 - Analysis by Chemical Type, Technology, Application, End-User, Industry Vertical, and Region’ into its vast depository of research reports. In the first section of the report, the market definition, market overview, product description, product scope, product characterization, and product specification has been discussed. The fundamental purpose of Ultra-High Strength Steel Market report is to provide a correct and strategic analysis of the Ultra-High Strength Steel industry. The report scrutinizes each segment and sub-segments presents before you a 360-degree view of the said market. Global Ultra-High Strength Steel Market provides the latest information on the present and the future industry trends, allowing the readers to identify the products and services, hence driving the revenue growth and profitability. The research report provides an in-depth study of all the leading factors influencing the market on a global and regional level, including drivers, restraints, threats, challenges, opportunities, and industry-specific trends. Get Sample report of Ultra-High Strength Steel Market @ http://garnerinsights.com/Global-Ultra-High-Strength-Steel-Market-Status-and-Outlook-2018-2025#request-sample Firstly, the report provides a basic overview of the industry including its definition, applications and classifications. Then, the report explores the international and regional major industry players in detail. In this part, the report presents the company profile, product specifications, capacity, production value, and market shares for each company. Through the statistical analysis, the report depicts the global and regional total market of Ultra-High Strength Steel industry including capacity, production, production value, cost/profit, supply/demand and import/export details. Additionally, the report quotes worldwide certainties and countenance of Ultra-High Strength Steel industry along with a downstream and upstream analysis of leading players. Numerous research findings and conclusions stated in the report will help decision makers to take imperative decisions in the near future. Check discount for this report @ http://garnerinsights.com/Global-Ultra-High-Strength-Steel-Market-Status-and-Outlook-2018-2025#discount Leading marketing players comprises of: Nippon Steel & Sumitomo Metal Corporation, Posco, Arcelormittal S.A, Saab Group, China Baowu Steel Group, The United States Steel Corporation, Steel Authority of India Limited, Tata Steel Limited, Hyundai Steel Co., Ltd, Thyssenkrupp AG, Essar Steel, Gerdau S.A., JSW Steel. Product Type Coverage (Market Size & Forecast, Major Company of Product Type etc.): Dual Phase, Complex Phase, Multiphase, Martensitic, Transformation-Induced Plasticity, Others. End-User/Consumer applications comprise of: Automotive, Aerospace & Defense, Others. Market segment by Regions/Countries, this report covers: North America, Europe, China, Japan, Southeast Asia, India. The Ultra-High Strength Steel Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. Global Ultra-High Strength Steel market research report is split into different chapters for user's better understanding:
The first chapter covers very primitive elements such as Ultra-High Strength Steelmarket overview, market analysis by geographical zones, product types and applications, market dynamics, market opportunities, market risk and driving factors.
The second chapter gives a clear idea about competitive manufacturers profile, their sales, revenue, and market share.
The third and fourth chapter deals with market share and revenue of emerging regions along with their sales, profit generated and volume of Ultra-High Strength Steelindustry over the forecast period from 2018 to 2025.
Fifth, sixth, seventh and eighth chapter allows users to understand and have comprehensive knowledge about Ultra-High Strength Steelmarket shares, by applications and product types.
Ninth, the tenth and eleventh chapter compares traditional and modern innovations, market sales of Ultra-High Strength Steelindustry and market trends over the period from 2018 to 2025.
Twelfth, thirteenth fourteenth, and fifteen chapter display research findings, sales channel, conclusions, data sources, and appendix.
In the end Ultra-High Strength Steel Market Report delivers conclusion which includes Research Findings, Market Size Estimation, Breakdown and Data Triangulation, Consumer Needs/Customer Preference Change, Data Source. These factors will increase business overall. About US: We at Garner Insights.com provide a comprehensive analysis by providing in-depth reports of the various market verticals. Our Mission is to provide a detailed analysis of the vast markets worldwide backed by ricsh data. Decision makers can now rely on our well-defined data gathering methods to get the correct and accurate market forecasting along with detailed analysis. Contact Us: Mr. Kevin Thomas Direct: +1 513 549 5911 (US) +44 203 318 2846 (UK) Email: [email protected]
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Sensex Slips 200 Points, Nifty Hovers At 12,050; Energy, Metal Stocks Drag
TCS, Titan and Nestle Indiabucked the weak trend with gains of 1-2 per cent each.The benchmark indices slipped to intra-day lows in the later afternoon on the back of weakness in metal and energy stocks. At 2.45 pm, the Sensex was quoting at 41085, lower by 175 points or 0.4 per cent and the Nifty was at 12051, down 61 points or 0.5 per cent. The broader markets were also witnessing selling pressure; BSE Midcap index had lost 0.8 per cent at 15,534 and BSE Smallcap index had shed 0.9 per cent at 14,547.In the meantime, Moody's Investors Service on Monday revised its growth forecasts for India to 5.4 per cent for 2020 calendar year and 5.8 per cent for 2021, down from its previous projections of 6.6 per cent and 6.7 per cent. India's economy has decelerated rapidly over the last two years and economic recovery will likely be shallow, it said in the February update of global macro outlook.In corporate news, Bharti Airtel has edged higher by 0.4 per cent to Rs 568 after the private sector telecom service provider paid Rs 10,000 crore to the Department of Telecommunications (DoT) towards statutory dues. The payment to the government came after the telecom department began issuing orders to telecom companies to clear their dues immediately or face "necessary action".The energy index was the top sectoral loser on the BSE, shedding 2.2 per cent at 13,770. Reliance Industries was dragging the energy index lower with losses of half a per cent at 1479. Among the energy stocks, ONGC, HPCL, BPCL and IOC had weakened between 1-3 per cent each.The BSE Metal index was down 0.8 per cent, with select metal stocks such as Jindal Steel, Hindalco and JSW Steel losing up to 1.5 per cent each.On the other hand, TCS, Titan and Nestle India bucked the weak trend with gains of 1-2 per cent each.The market breadth was weak. Out of 2651 stocks traded on the BSE, there were 811 advancing stocks as against 1667 declines. Read the full article
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Equity benchmark indices opened in the positive zone, with the Nifty trading above 11,150 levels. Investors remained cautious ahead of exit poll results due on May 19 and final results on May 23, 2019. Tata Motors, Yes Bank, and JSW Steel are among top gainers, while BPCL, IOC, and Indiabulls HF are among top losers on the Nifty. The Sensex was quoting at 37,181, up 66 points, while the Nifty was at 11,177, up 21 points. The market breadth was neutral on the NSE with 753 shares advancing, 771 shares declining, and 549 remaining unchanged. In the broader market, the BSE MidCap index rose 22 points at 14,140, while the BSE SmallCap index had slipped 25 points or 0.18% at 13,757. Shares of Tata Chemicals, TGBL jumped in the morning trade after the salt-automobile conglomerate announced the consolidation of its consumer business. Shares of Lupin declined 4% after the company posted a net profit at Rs289.6cr in Q4FY19 as compared to Rs783.5cr loss in the same quarter of the previous year. The Indian rupee on Thursday strengthened marginally for the third session against the US dollar in the opening trade. The Volatility gauge, India VIX is down 0.62% at 28.47. The most active stocks on the NSE are Tata Motors, Yes Bank, and Indigo. On the economy front, India’s trade deficit for April month widened to 5-month high of $15.3mn on the back of rising gold imports, data released by the commerce ministry showed. Oil prices edged up on the prospect of mounting tensions in the Middle East hitting global supplies. Brent crude rose 0.7% to $72.25 a barrel, while US West Texas Intermediate (WTI) crude fetched $62.45 a barrel, up 0.7%. Get more details here: Intraday stock tips, Financial Advisory Company ,Derivative Free Trial,Stock tips Call on:9977499927 * Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
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JSW Steel Slips 1pc After Crude Steel Output Fell In Q4FY19
The JSW Group’s flagship company, JSW Steel Limited, on Tuesday said, its output of crude steel grew 3% to 16.69 Metric Tonnes (MT) during FY 2018-19. The company said, it had produced 16.27 MT of crude steel in the 2017-18 fiscal. During 2018-19, the Company’s output of flat rolled products stood at 11.74MT, up 3% from 11.44MT, while the long rolled production rose by 9% to 3.87MT from 3.56 MT in 2017-18. During the Q4-2018-19, the company witnessed its crude steel output falling by 3% to 4.17-MT from 4.31-MT in same quarter in 2017-18. Meantime, Fitch Ratings has assigned its rating as BB(EXP) to JSW Steels’ proposed issue of the U.S dollar senior unsecured notes, while Moody’s has rated ‘Ba2’ for the same issue. Shares of JSW Steel declined 1% after the company reported 3pcfall in total crude oil output during the fourth quarter of FY19. During Mid market Tuesday, share price of JSW Steel quoted at Rs297.65, down Rs2.75, or 0.95%, from its previous close of Rs290.50 the NSE. The stock touched an intraday high and low of Rs291.85 and 285.65 respectively. Meantime, the Sensex quoted at 38818, up 118pts and Nifty hit at 11633 up 29pts at 2.15pm, Tuesday. Read the full article
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