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![mupdatesbyscanx Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1926935883384553472.png) Market Updates by ScanX [@mupdatesbyscanx](/creator/twitter/mupdatesbyscanx) on x XXX followers
Created: 2025-07-18 12:43:09 UTC

JSW Steel (JSWSTEEL)
on NSE: 1034.40 (+0.02%)

JSW Steel Expands Operations, Addresses Industry Challenges Amid Strong Domestic Demand

View: Positive

JSW Steel has approved the acquisition of Saffron Resources Private Limited, gaining access to XXX acres in Odisha. The company plans to increase its stake in JSW Severfield Structures Limited to 74.9%. A new joint venture with Andhra Pradesh Mineral Development Corporation will establish an iron ore project in Andhra Pradesh. Despite strong domestic demand, JSW Steel faces challenges from Chinese exports and low-cost imports. The company reported revenue of ₹43,147 crore, EBITDA of ₹7,576 crore, and net profit of ₹2,209 crore for the quarter.

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