PICK OF THE WEEK : JSWSTEEL

23rd February 2019
  • JSW is part of $10 billion OP Jindal Group. It has grown to $5 billion in little over a decade and has presence across various sectors - Steel, Energy, Minerals, Port & Infrastructure, Cement, Aluminium and IT. JSW Steel, the flagship company of the JSW Group, is today an integrated steel manufacturer. JSW Steel is the largest private sector steel manufacturer in terms of installed capacity.
  • JSW Steel's manufacturing units are located in Bellary District near Bangalore, near Mumbai and Tamil Nadu. Its manufacturing facilities, Vijayanagar Works in Bellary district is the first greenfield project in the world to have Corex technology to produce hot metal. JSW Steel's Vasind & Tarapur Works, located near Mumbai, is India's biggest producer and largest exporter of galvanized steel.
  • The Group set up its first steel plant in 1982 at Vasind near Mumbai. Soon after, it acquired Piramal Steel Ltd., which operated a mini steel mill at Tarapur in Maharashtra. The Jindals, who had wide experience in the steel industry, renamed it as Jindal Iron and Steel Co. (JISCO). In 1994, in order to achieve the vision of moving up the value chain and building a strong, resilient company, Jindal Vijayanagar Steel (JVSL) was setup, with its plant located at Toranagallu in the Bellary-Hospet area of Karnataka, the heart of the high-grade iron ore belt and spread over 3,700 acres of land.

Company Name

JSW STEEL LIMITED

Our Recommentation is to

Buy

Buy

285.85

Targeted Price

335.00

Stop Loss

261.00

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