Announcement

Tuesday, January 26, 2010

Citigroup rates JSW Steel with a Buy and Medium Risk rating

Citigroup rates JSW Steel with a Buy & Medium Risk rating based on the positive Indian steel outlook, strong volume growth and less balance sheet stress.

JSW Steel’s adjusted PAT for Q3 2010 was INR 410 crore higher than expectations, driven by 100% YoY jump in volumes a better mix

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