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JSW Steels Latest News Supply of 900 Tonnes of Oxygen Daily, Investors Also Gave 300% Return in a Year

JSW Steel said it was increasing the capacity of liquid medical oxygen production and would supply 900 tonnes on a daily basis by the end of April.

During the pandemic, the companies of the country have come up for uninterrupted supply of oxygen. Every company, government or private, is supplying medical oxygen more than its capacity. The list also includes companies such as Reliance, Tata Group, JSW Group, ITC, SAIL, Jindal Steel & Power, Rashtriya Ispat Nigam Limited (RINL), Indian Oil, BPCL and ArcelorMittal.

JSW Steel said that it is increasing the capacity of liquid medical oxygen production and will supply 900 tonnes on a daily basis by the end of April. It will be further enhanced in the coming days. The company has targeted a total of 20 thousand tonnes of liquid oxygen supply in the month of April. This supply will be done from the company’s plants in Maharashtra, Karnataka and Tamil Nadu. Today, the company issued a statement saying that between April 21-23, an average of 898 tonnes of oxygen has been supplied by the company. This is the highest from any steel player.

Important contribution in oxygen supply

Amid the shortage of oxygen, PM Modi had a meeting with industrialists on Friday. In that meeting, PM Modi had a meeting with industrialists on Friday amid shortage of oxygen. Company Chairman Sajjan Jindal was also present at that meeting. Heads of steel companies of the country attended that meeting. Steel companies are making significant contribution to the supply of liquid medical oxygen (LMO).

300 percent return in a year

JSW Steel is the country’s leading company in the steel business and in the last one year, this company has also given success to its investors. The stock of this company has given a spectacular return of 44 per cent in the last one month, 70 per cent in three months, 297 per cent in a year. Compared to Pearce companies, Tata Steel has given 240 per cent, Hindalco 215 per cent, Jindal Steel 405 per cent and NMDC 80 per cent in a year.

Peers has the highest market cap

Among its peers, JSW Steel has the highest market cap of Rs 1.53 lakh crore. The second is Tata Steel, whose market cap is 1 lakh 4 thousand crore rupees. The promoter has a 44 percent stake in this company. This week, the company’s stock has closed at the level of Rs 635.40. The 52-week high is Rs 652.80 and the lowest level is Rs 152.60.

 

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