JSW Steel Subsidiary Inks Contract With Italian Govt

JSW Steel Ltd share price will grab limelight on Monday after the company informed its wholly owned subsidiary, JSW Italy inked development contract with the Italian Government. Last trading price of the large cap stock on Bombay Stock Exchange (BSE) stood at Rs 1007.20 apiece with marginal fall 0.22%. The company has a market capitalisation of Rs 2,46,306.12 crore. The stock’s return on equity stood at 6.13%. JSW Steel share price zoomed 6.44% in last 1-week span as Sensex climbed 6.37%, BSE Commodities index soared 7.20%, and BSE Metal index surged 7.73%. It is worth mentioning that FII/FPI’s holdings zoomed from 25.59% to 25.78% for March 2025 quarter. Check key details below:

JSW Italy Signs Development Contract With Italian Govt

According to the exchange filing of JSW Steel dated April 18, 2025, “JSW Italy today signed a Development Contract with the Ministry of Enterprise & Made in Italy(MIMIT). The Development Contract is in line with the MoU dated March 1, 2024 signed between JSW Steel Italy SrL, the parent entity of JSW Italy and the MIMIT, intended to revive the historically important industrial site ‘Steelworks of Piombino’, by way of modernisation of the facilities and enhancement of industrial activity.”

As per the Development Contract, JSW Steel Italy Piombino S.P.A. is being provided a Grant of Euro 33 Mn from the Italian Government through INVITALIA. The amount of Euro 33 Mn. consists of the Grants being allocated towards the development of the Rail Mill Modernisation Project being implemented by JSW at Piombino at an estimated project cost of Euro 143 Mn. This project will nearly double the capacity of the Rail Mill from around 0.32 MTPA to 0.6 MTPA which will also enable JSW Italy to enhance the length of the rails being made at JSW Italy from 108 meters to upto 120 meters,” added the exchange filing.

JSW Steel Shares Performance

The 52-week high price of JSW Steel share price 1074.15 per share (as on 25/03/2025) and 52-week low price is Rs 824.10 per share 04/06/2024), respectively. JSW Steel shares plunged 3.42% in last 2-weeks, gained 10.90% in last 3-months, and offered returns of 19.14% in last 1-year. In last 2-years, JSW Steel stock surged 39.6% and rallied 469.20% in last 5-years.

JSW Steel Dividend History

The company recommended 24 dividends since February 25, 2005. In last 1-year, JSW Steel announced an equity dividend of Rs 7.30 per share, according to Trendlyne.

JSW Steel About

JSW Steel is the flagship business of the diversified, US$ 24 billion JSW Group. As one of India’s leading business houses, JSW Group also has interests in energy, infrastructure, cement, paints, realty, e‐platforms, mobility, defence, sports, and venture capital.

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