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JSW Steel Limited ( (IN:JSWSTEEL) ) just unveiled an announcement.
Rating and Investment Information, Inc. (R&I) of Japan has assigned JSW Steel Limited an issuer rating of ‘A-’ with a Stable outlook, citing the company’s strong competitive position, robust earnings base and solid financial profile despite ongoing, sizeable capital expenditure. The rating reflects confidence in India’s structurally growing steel demand, policy support for domestic producers, and JSW Steel’s scale, technological capabilities, and diversified customer base, indicating that its credit strength is underpinned by favorable industry fundamentals and is not tightly constrained by India’s sovereign rating.
More about JSW Steel Limited
JSW Steel Limited is India’s largest steel manufacturer by crude steel production, operating large-scale plants such as its flagship Vijayanagar facility. The company supplies a broad range of steel products to sectors including automobiles and infrastructure, with a growing share of high value-added, technology-intensive grades, and leverages technological cooperation with Japan’s JFE Group while maintaining managerial independence as a listed company focused primarily on the domestic Indian market.
Average Trading Volume: 55,274
Technical Sentiment Signal: Buy
Current Market Cap: 2639.9B INR
For detailed information about JSWSTEEL stock, go to TipRanks’ Stock Analysis page.