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The announcement was made during market hours today, 8 January 2018.

Meanwhile, the S&P BSE Sensex was up 127.26 points, or 0.35% at 35,977.42

On the BSE, 2.10 lakh shares were traded on the counter so far as against the average daily volumes of 2.66 lakh shares in the past two weeks. The stock had hit a high of Rs 295.55 and a low of Rs 288.40 so far during the day.

JSW Steel said that the production of flat rolled products rose 3% to 2.90 million tonnes in Q3 December 2018 over Q3 December 2017. Production of long rolled products jumped 18% to 1.04 million tonnes.

JSW Steel's consolidated net profit jumped 148.75% to Rs 2087 crore on 25.05% rise in total income to Rs 21608 crore in Q2 September 2018 over Q2 September 2017.

JSW Steel is the leading integrated steel company with an installed steel-making capacity of 18 MTPA in India. JSW Steel's plant at Vijayanagar in Karnataka, is the largest single location steel producing facility in the country with a capacity of 12 MTPA.

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