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JSW Steel reported consolidated Crude Steel production for the month of May 2026 at 22.93 Lakh tonnes registering 15% YoY growth.
The break-up of production is as below: (Lakh Tonnes)
*The steel business undertaking of Bhushan Power and Steel Limited (BPSL), a subsidiary of the Company, was transferred on a slump‑sale basis to JSW-JFE Steel Limited (JV company) in March 2026. The production figures relating to the transferred undertaking have been reduced from previous year's numbers for comparison.
Production was higher in May 2026 mainly due to full operations of Dolvi unit (one of the Blast Furnace was under planned maintenance shutdown in May 2025) and JVML operations fully ramped-up.
Blast Furnace 3 (BF3) at Vijayanagar is under shutdown for upgradation of capacity, is expected to re-start in second fortnight of June 2026.
The capacity utilisation for Indian operations for the month excluding BF3 capacity was at ~98% and including BF3 capacity was at 87%.
Production was higher in May 2026 mainly due to full operations of the Dolvi unit (one of the blast furnaces was under planned maintenance shutdown in May 2025) and JVML operations being fully ramped up. Blast Furnace 3 (BF3) at Vijayanagar is under shutdown for upgradation of capacity and is expected to restart in the second fortnight of June 2026. The capacity utilisation for Indian operations for the month excluding BF3 capacity was at 98% and, including BF3 capacity was at 87%.
JSW Steel is primarily engaged in the business of manufacture and sale of iron and steel products. It is the flagship business of the diversified US$ 23 billion JSW Group. The group has interests in energy, infrastructure, cement, paints, sports, and venture capital.
JSW Steel reported consolidated net profit of Rs 16,370 crore in Q4 FY26, up 989.15%, compared with Rs 1,503 crore in the corresponding period last year. Total revenue from operations rose 14.19% year-on-year to Rs 51,180 crore in the quarter ended 31 March 2026.
The counter rose 0.14% to Rs 1,262.70 on the BSE.
The Paradeep Integrated Steel Plant will be developed in phases with a planned capacity of 13.2 million tonnes per annum (MTPA) and an estimated investment of about Rs 65,000 crore in phases. Spread across nearly 2,950 acres, the project is strategically located on Odisha's coastline, offering strong port connectivity, efficient access to raw materials and robust logistics infrastructure to serve both domestic and international markets.
JSW Steel, Bharatia and Carbon Iceland International, have signed a strategic Memorandum of Understanding (MoU) to jointly explore the development of a large-scale green methanol (eMethanol) project in India. The signing took place in Oslo, Norway, during the 3rd India–Nordic Summit.
The proposed project, of 300 KTPA, is intended to utilise carbon dioxide (CO₂) emissions generated from JSW Steel's operations in district Raigad, Maharashtra, and convert them into eMethanol using green hydrogen produced from renewable energy sources.
The collaboration seeks to establish a scalable carbon capture and utilisation (CCU) pathway for the steel sector, while also supporting India's broader energy transition and industrial decarbonisation ambitions. The initiative aims to demonstrate how industrial emissions can be transformed into low-carbon fuels and chemical feedstocks, creating a replicable model for future green industrial infrastructure.
As part of the initial scope, the project intends to evaluate the utilisation of an existing high purity CO₂ stream from JSW Steel's facility, while also assessing opportunities to capture additional CO₂ emissions from broader steel manufacturing operations.
Bharatia, a non-profit Foundation, operates a technology commercialisation and execution programme/platform under the name of ‘Bharat Technology and Impact Accelerator' (also known as Bharatia'), which is anchored with leading research institutions such as cGanga at Indian Institute of Technology Kanpur.
Carbon Iceland International ehf is a consortium-led platform bringing together global expertise in CO₂ capture, eFuel production and industrial decarbonisation. Through proven technologies and integrated execution capabilities, Carbon Iceland enables rapid deployment of scalable, low-risk green fuel projects, supporting large-scale emissions reduction and positioning India as a leader in sustainable industrial transformation.
JSW Energy has divested 2,50,00,000 equity shares (face value Re 1 each) of JSW Steel via a bulk deal on the National Stock Exchange of India, on 18 May 2026, as part of a strategic liquidity release, realising gross proceeds of Rs 3,150 crore.
The monetisation of a part of the shareholding in JSW Steel not only releases capital for pursuing Company's growth Strategy but also improves Return on Capital Employed for the Company reinforcing the Company's commitment to disciplined capital allocation and long-term value creation for shareholders.
Post-transaction, the Company's balance holding is 4,50,38,350 equity shares of JSW Steel.
Securities in F&O Ban:
Steel Authority of India and Kaynes Technology India are banned from F&O trading on 15 May 2026.
Fuel Hike
Petrol and diesel prices were increased across India on Friday with immediate effect, as oil marketing companies raised rates by up to Rs 3 per litre due to continued fluctuations in global crude oil prices.
In Delhi, petrol prices went up by Rs 3 to Rs 97.77 per litre, while diesel now costs Rs 90.67 per litre.
Among the metro cities, Kolkata saw the highest increase in petrol prices, rising by Rs 3.29 to Rs 108.74 per litre. In Mumbai, petrol prices increased by Rs 3.14 to Rs 106.68 per litre, while Chennai recorded a hike of Rs 2.83, taking the rate to Rs 103.67 per litre.
Diesel prices also rose across major cities. In Kolkata, diesel now costs Rs 95.13 per litre after a Rs 3.11 hike. Mumbai saw diesel prices increase by Rs 3.11 to Rs 93.14 per litre, while Chennai recorded a Rs 2.86 rise, taking diesel prices to Rs 95.25 per litre.
LNG prices were also raised by Rs 2 per kg. The hike comes amid a sharp rise in wholesale fuel inflation in April, driven by higher prices of crude oil, natural gas, petrol, diesel, and LPG.
Result Today:
Aether Industries, Amber Enterprises India, Alembic Pharmaceuticals, Arvind, Azad Engineering, Bajaj Electricals, Balmer Lawrie & Company, Balrampur Chini Mills, Cochin Shipyard, Cupid, Deepak Nitrite, Devyani International, Fineotex Chemical, Fusion Finance, Gland Pharma, Godfrey Phillips India, Gokul Agro Resources, Greenpanel Industries, Hindustan Copper, Jain Irrigation Systems, Jupiter Life Line Hospitals, Krishna Institute of Medical Sciences, NCC, NHPC, PDS, Power Grid Corporation of India, Premier Energies, Rane Holdings, Ratnamani Metals & Tubes, Steel Authority of India, S H Kelkar and Company, SJVN, Solara Active Pharma Sciences, Solar Industries India, Somany Ceramics, Symphony, Tata Steel, Thangamayil Jewellery, Triveni Engineering & Industries, VIP Industries, VST Tillers Tractors
Stocks to Watch:
JSW Steel reported a consolidated net profit of Rs 16,370 crore in Q4 FY26, marking a sharp 989.15% increase compared with Rs 1,503 crore in the corresponding quarter last year. Revenue from operations rose 14.19% year-on-year (YoY) to Rs 51,180 crore for the quarter ended 31 March 2026.
Dilip Buildcon reported a 63.67% decline in consolidated net profit to Rs 62.05 crore in Q4 FY26, compared with Rs 170.83 crore in Q4 FY25. Revenue from operations also fell 25.71% YoY to Rs 2,299.80 crore in the March 2026 quarter.
Indian Railway Finance Corporation (IRFC) posted a standalone net profit of Rs 1,684 crore in Q4 FY26, marginally higher by 0.14% from Rs 1,682 crore in the same quarter last year. Total revenue from operations increased 9.12% YoY to Rs 7,335.75 crore for the quarter ended 31 March 2026.
Apollo Tyres reported a 241.76% YoY jump in consolidated net profit to Rs 630.97 crore in Q4 FY26, compared with Rs 184.62 crore in the year-ago period. Revenue from operations grew 14.19% YoY to Rs 7,335.67 crore in the March 2026 quarter.
LT Foods reported a 15.5% decline in consolidated net profit to Rs 136 crore in Q4 FY26, compared with Rs 161 crore in Q4 FY25. However, revenue from operations rose 30.4% YoY to Rs 2,907 crore for the quarter ended 31 March 2026.
Tata Motors reported a 31.7% decline in consolidated net profit to Rs 5,783 crore in Q4 FY26, against Rs 8,470 crore in Q4 FY25. Revenue increased 7.2% YoY to Rs 1.05 lakh crore in the quarter ended 31 March 2026.
Shadowfax Technologies reported a consolidated net profit of Rs 55.8 crore in Q4 FY26, compared with a loss of Rs 9.9 crore in Q4 FY25. Revenue surged 73.6% YoY to Rs 1,237 crore in the March 2026 quarter.
Global Health reported a 42.6% rise in consolidated net profit to Rs 144 crore in Q4 FY26, compared with Rs 101 crore in the corresponding quarter last year. Revenue from operations increased 24.4% YoY to Rs 1,159 crore for the quarter ended 31 March 2026.
For the full year,net profit rose 536.87% to Rs 22316.00 crore in the year ended March 2026 as against Rs 3504.00 crore during the previous year ended March 2025. Sales rose 9.28% to Rs 182037.00 crore in the year ended March 2026 as against Rs 166575.00 crore during the previous year ended March 2025.
The company said that Blast Furnace 3 (BF3) at Vijayanagar is currently shut down for capacity upgradation, impacting crude steel production at the Indian operations level. However, excluding BF3 production from last year’s base, production growth was around 10%, driven by the full ramp-up of JVML operations. Capacity utilisation at Indian operations for the month stood at approximately 94%, excluding BF3 capacity, and 83%, including BF3 capacity.
JSW Steel is the flagship business of the diversified, US$23 billion JSW Group. As one of India’s leading business houses, JSW Group also has interests in energy, infrastructure, cement, paints, realty, e-platforms, mobility, defence, sports, and venture capital.
The company’s consolidated net profit zoomed 198.32% to Rs 2,139 crore in Q3 FY26, compared with Rs 717 crore in the corresponding period last year. Revenue from operations rose 11.14% year-on-year to Rs 45,991 crore in the quarter ended 31 December 2025.