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How JSW Energies’ Rs 3,150-crore JSW Steel stake sale will help lower debt, Jefferies explains
JSW Energy’s Rs 3,150-crore stake sale in JSW Steel to GQG Partners and SBI Mutual Fund is expected to strengthen its balance sheet. Jefferies says the move will lower leverage, support capex plans and improve execution visibility, prompting a target price upgrade to Rs 675.
JSW Steel Share Price Live Updates: JSW Steel's stock performance
Stocks in news: JSW Steel, ZEE, Adani Enterprises, Vodafone Idea, Eicher Motors
Indian markets saw a volatile Monday, ending nearly flat due to global weakness and economic worries. Analysts suggest Nifty is consolidating, with resistance at 23,800-24,000 and support near 23,150-23,300. Key companies like JSW Steel, ZEE, and Adani Enterprises are in focus. IOC reported a significant profit surge. Eicher Motors plans a new manufacturing plant.
Block deal: JSW Energy sells Rs 3,150 crore JSW Steel stake to GQG, SBI Mutual Fund
JSW Energy has divested a portion of its JSW Steel stake for Rs 3,150 crore to fund its aggressive power generation expansion. The company aims to reach 30 GW capacity by 2030, bolstered by both renewable and thermal power projects. This strategic move enhances capital allocation and supports long-term growth initiatives.
JSW Steel block deal sees GQG, SBI MF as key buyers
GQG Partners and SBI Mutual Fund emerged as key buyers in a block deal of JSW Steel on May 18, reflecting in the day’s institutional inflow data. The transaction, valued at around ₹3,150 crore, saw JSW Energy offload 2.5 crore shares at ₹1,260 apiece. GQG acquired 1.5 crore shares, while SBI Mutual Fund picked up 1 crore shares, indicating strong institutional appetite for the steel major.
7 large-cap stocks post highest quarterly profits in 10 quarters
Several NSE large-cap companies reported record March 2026 quarterly profits, surpassing previous ten-quarter highs by over 25%. Strong operational performance, improved fundamentals, and favorable market conditions boosted earnings for firms including ABB India, JSW Steel, ICICI Bank, Bajaj Finance, Tata Motors, and Muthoot Finance.
JSW Energy sells 2.5 crore JSW Steel shares for Rs 3,150 cr via bulk deal
JSW Energy on Monday said it sold 2.5 crore equity shares in JSW Steel through a bulk deal on the NSE, raising Rs 3,150 crore. Following the transaction, JSW Energy’s remaining holding in JSW Steel stands at 4.5 crore equity shares, according to a regulatory filing.
JSW Energy sells shares worth ₹3,150 crore in JSW Steel as part of monetisation strategy
Brokerage firm Jefferies maintained its "buy" rating on JSW Steel and raised its price target to ₹1,650 from ₹1,400 earlier. This is the highest price target on the street for JSW Steel.
‘Europe will become irrelevant for us’: JSW Steel doubles down on India growth with massive capex plan
JSW Steel plans to double its capacity with minimal external capital, driven by strong domestic demand and a focus on maintaining market share. The company's confidence stems from structural improvements in its EBITDA floor and efficient brownfield expansion, ensuring robust internal cash generation to fund growth.
JSW Steel’s JVs put it on track to be among top global steelmakers outside China
Including planned capacity expansions at BPSL, the tie-ups with Japan's JFE Steel and Korea's POSCO would add about 16 mtpa capacity by 2032, setting it on course to reach 80 mtpa capacity by 2032, according to Jayant Acharya, the chief executive officer and joint managing director of JSW Steel.
John Cockerill India bags ₹440–470 crore order from JSW Steel Coated Products
Shares of John Cockerill India Ltd ended at ₹5,290.00, up by ₹33.75, or 0.64%, on the BSE.
JSW Steel posts 13-fold rise in profit for March quarter; to double capacity in 6 years
JSW Steel reported a nearly 13-fold surge in Q4 profit driven by an exceptional gain and record volumes. The company plans aggressive expansion, targeting 78 million tonne capacity by FY32, supported by JVs, higher capex and strong domestic steel demand growth outlook.