JSW Steel Ltd Share Price – NSE  / BSE

Steel, Mid Cap

JSW Steel announced that JFE Steel Corporation (JFE) has invested Rs. 7,875 crore, being the first tranche of JFE's investment in JSW Kalinga Steel (JSW Kalinga) and 2,26,94,524 equity shares of JSW Kalinga have been allotted to JFE today (i.e. 30 March 2026), resulting in JFE holding 25% shareholding on a fully diluted basis in JSW Kalinga.

Consequent to the aforesaid allotment and changes to board composition of JSW Kalinga in terms of the Joint Venture Agreement dated 03 December 2025 (JVA), the Company and JFE have today established joint control over JSW Kalinga and its wholly owned subsidiary - JSW Sambalpur Steel.

The acquisition of further 25% stake (on a fully diluted basis) in JSW Kalinga by JFE for Rs. 7,875 crore, would be completed in accordance with the JVA.

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JSW Steel announced the completion of transfer of steel business undertaking of Bhushan Power & Steel, by way of slump sale on a going concern basis, to JSW Sambalpur Steel on 27 March 2026.

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JSW Steel will hold a meeting of the Board of Directors of the Company on 14 May 2026.

JSW Steel Ltd rose for a third straight session today. The stock is quoting at Rs 1179.9, up 1.09% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.87% on the day, quoting at 23785.75. The Sensex is at 76784.54, up 0.94%. JSW Steel Ltd has dropped around 3.95% in last one month.

Meanwhile, Nifty Metal index of which JSW Steel Ltd is a constituent, has dropped around 1.74% in last one month and is currently quoting at 11637.35, down 0.01% on the day. The volume in the stock stood at 6.62 lakh shares today, compared to the daily average of 15.6 lakh shares in last one month.

The benchmark March futures contract for the stock is quoting at Rs 1176.5, up 0.83% on the day. JSW Steel Ltd is up 14.18% in last one year as compared to a 3.83% gain in NIFTY and a 27.19% gain in the Nifty Metal index.

The PE of the stock is 39.6 based on TTM earnings ending December 25.

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