JSW Steel made the announcement during market hours today, 14 January 2013.
Meanwhile, the BSE Sensex was up 145.05 points or 0.74% at 19,808.69.
On BSE, 53,195 shares were traded in the counter as against average daily volume of 1.53 lakh shares in the past one quarter.
The stock hit a high of Rs 844.95 and a low of Rs 815 so far during the day. The stock had hit a 52-week low of Rs 566 on 24 May 2012. The stock had hit a 52-week high of Rs 885 on 17 February 2012.
The stock had outperformed the market over the past one month till 11 January 2013, rising 9.7% compared with the Sensex's 1.43% rise. The scrip also outperformed the market in past one quarter, rising 7.48% as against Sensex's 4.57% surge.
The large-cap company has equity capital of Rs 223.12 crore. Face value per share is Rs 10.
JSW Steel said crude steel production rose 8% to 20.94 lakh tonne in Q3 December 2012 over Q3 December 2011. Production of flat rolled products rose 13% to 15.69 lakh tonne and that of long rolled products jumped 31% to 4.83 lakh tonne in Q3 December 2012 over Q3 December 2011.
JSW Steel said the capacity utilization was lower during the Q3 December 2012 as compared to Q3 December 2011 due to inadequate and poor quality of iron ore available through E-Auction.
JSW Steel's crude steel production rose 20% to 64.08 lakh tonne in the first nine months of the year ended 31 March 2013 over a year ago period. Production of flat rolled products rose 20% to 46.32 lakh tons and that of long rolled products jumped 29% to 13.63 lakh tons in the first nine months of the year ended 31 March 2013 over a year ago period.
JSW Steel reported a consolidated net profit of Rs 691.25 crore in Q2 September 2012, compared with net loss of Rs 669.32 crore in Q2 September 2011. Net sales rose 16.5% to Rs 9475.24 crore in Q2 September 2012 over Q2 September 2011.
JSW Steel, part of the O P Jindal Group, is one of the lowest cost steel producers in the world. JSW Steel is engaged in manufacture of flat and long products viz. HR Coils, CR coils, galvanised/galvalume products, colour coated products, auto grade/white goods grade CRCA steel, bars and rods. JSW Steel has one of the largest galvanizing and colour coating production capacity in the country and it is the largest exporter of galvanized products with presence in over 100 countries across five continents.