Metal giant JTL Industries mulls bonus after announcing Rs 330 crore capex
1 year, 6 months ago

Metal giant JTL Industries mulls bonus after announcing Rs 330 crore capex

India TV News  

Days after announcing Rs 330 crore capex plan, Punjab based metal giant has informed that the board is considering approving bonus share issuance. Earlier this month, news agency PTI had reported that the firm is adding 2 lakh tonne to its existing 6 lakh tonne capacity as part of the ongoing Rs 330-crore capex at two of its mills. The overall capacity expansion of 4 lakh tonne worth Rs 330 crore will be completed by FY27, which will take its total installed capacity to 10 lakh tonne. The expansion is fully funded by the Rs 384 crore raised from the preferential warrants issue in March," Dhruv Singla, an executive director & chief financial officer, who is also the son of the managing director Madan Mohan Singla, told PTI.

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JWS Infra to spend Rs 30,000 crore by FY30 to expand cargo-handling capacity to 400 MTPA
3 weeks, 2 days ago

JWS Infra to spend Rs 30,000 crore by FY30 to expand cargo-handling capacity to 400 MTPA

New Indian Express  

India’s second-largest private port operator - JSW Infrastructure – said on Thursday that it aims to expand its cargo-handling capacity to 400 million tonnes per annum by FY30. It holds a cargo handling capacity of 627 MTPA, with an estimated capital expenditure of around Rs 50,000 crore planned for further expansion. JSWIL acquired a majority stake in Navkar for Rs …

India’s steel industry to grow at 8%; capacity to rise by 20 million tons by FY2027: report
1 month, 3 weeks ago

India’s steel industry to grow at 8%; capacity to rise by 20 million tons by FY2027: report

Live Mint  

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JSW Steel expects to raise supply to 1.5 lakh MT to metro rail projects in FY20
5 years, 1 month ago

JSW Steel expects to raise supply to 1.5 lakh MT to metro rail projects in FY20

India TV News  

Steel major JSW Steel on Tuesday said it expects to raise its supply to metro rail projects to about 1,50,000 metric tonnes in the current financial year. "In the current financial year, the company expects to increase its supplies to the metro rail projects to about 1,50,000 metric tonnes as compared to its supplies averaging 1,00,000 metric tonnes per year …

India’s crude steel output almost flat at 8.662 million tonne in April
5 years, 7 months ago

India’s crude steel output almost flat at 8.662 million tonne in April

The Hindu  

India’s crude steel output remained almost flat at 8.662 million tonne during April 2019, according to official data. The domestic crude steel production stood at 8.653 MT during April 2018, according to a report by the Joint Plant Committee, which comes under the Ministry of Steel. “Crude steel production stood at 8.662 MT in April 2019, up by 0.1% over …

JSW Cement to invest Rs 2,000 cr to take capacity to 20 MT by 2020; firm's IPO likely to hit market by March 2021
5 years, 10 months ago

JSW Cement to invest Rs 2,000 cr to take capacity to 20 MT by 2020; firm's IPO likely to hit market by March 2021

Firstpost  

JSW Cement hopes to ramp up its capacity further to 30 mtpa after going public with the addition of 5 mtpa each in Rajasthan and Chhattisgarh. Mumbai: JSW Cement plans to invest around Rs 2,000 crore to achieve the target of 20 million tonne annual capacity by December 2020, a top company official said. “With the commissioning of enhanced capacity …

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