by Amruth Sundarkumar | Aug 11, 2022 | Corporates, India
JSW Energy has announced that its wholly-owned subsidiary JSW Neo Energy will acquire a portfolio of 1.75 GW of renewable energy generation capacity from Mytrah Energy (India) Pvt Ltd, constituting of 17 SPVs and 1 ancillary SPV. After adjusting for net current...
by Amruth Sundarkumar | Jul 25, 2022 | Corporates, India
India’s JSW Steel reported revenue growth of 31% YoY to INR 380.9bn ($4.8bn) for the quarter ended June. However, its net profits were lower by 85% to INR 8.4bn ($110mn) on the back of higher raw material costs rising 2.5x YoY to INR 256bn ($3.2bn) and power &...
by Amruth Sundarkumar | Jul 5, 2022 | Asian Dollar Bonds, India
JSW Steel plans to invest INR 100bn ($1.27bn) to reduce carbon emissions through various initiatives, such as increasing the use of renewable energy to replace thermal power and reducing fuel rates through ‘improved raw material quality via beneficiation’,...
by Amruth Sundarkumar | May 31, 2022 | Corporates, India
India’s JSW Steel reported a net profit of INR 33.43bn ($430mn) on a consolidated basis in quarter ending March 2022, down 20% YoY due to higher raw material costs and impairment provision. Revenue from operations stood at INR 469bn ($6bn) an increase of 74% YoY, on...
by Amruth Sundarkumar | May 23, 2022 | India
The Government of India on Saturday unexpectedly imposed an export tax of 15% on eight steel products. Thus, companies like Tata Steel, Jindal Steel and Power Ltd. (JSPL), JSW Steel, SAIL, ArcelorMittal, Nippon Steel India etc. may be forced to cancel European orders...
