JSW Steel

In this way, the company aims to adapt to the implementation of the European CBAM

Vedanta is reviewing its strategic priorities as part of its capital allocation discussions

Consolidated steel output during the II quarter of the 2023/2024 fiscal year reached 5.68 million tons

Steel production at the plant in the US increased by 96% y/y

The company is also expanding its raw material base in India

The driver of sales growth was the increase in demand for steel in the infrastructure industry

The company is negotiating with banks, the amount may be about $2 billion

During the first quarter of the 2023/2024 financial year, the company's Indian plants produced 6.19 million tons of steel

In this period, the company's Indian enterprises increased steel production by almost 6% y/y

The company predicts steel demand growth of 7-8% in the 2023/2024 financial year

The projects are expected to be completed in the 2025/2026 financial year

In the 4th quarter of the 2022-2023 financial year, the production of unrefined steel increased by 12% y/y