JSW Steel becomes world's most valuable steelmaker
Mumbai: JSW Steel has now overtaken global steel giants ArcelorMittal and Nippon Steel to become the most valuable steel company in the world by market capitalisation, reaching ₹2.6 lakh crore, media reports said.
The surge comes as its stock price has climbed 18% this year, Moneycontrol reported.
Global operations and expansion plans
The company operates integrated steel plants in Vijayanagar, Dolvi, and Salem, with additional facilities in the United States and Italy. Its current manufacturing capacity stands at 35.7 million tonnes (MT), and it aims to scale up production to 43.5 MT by FY28 and 51.5 MT by FY31.
JSW Steel’s portfolio includes flat and long steel products, catering to industries such as automotive, construction, and consumer durables.
Stock performance and analyst ratings
Shares of JSW Steel traded at ₹1,059.80, nearing their 52-week high of ₹1,072.
Brokerage firm Investec has given a “buy” rating on the stock, setting a price target of ₹1,100, citing strong growth potential and an attractive return ratio profile, Moneycontrol reported.
Among 35 analysts covering JSW Steel, 20 have issued a "buy" recommendation, five have given a "hold" call, while 10 have rated it as "sell", said the report.
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