JSW Steel Achieves GreenPro Ecolabel As Automotive Steel Producer!

JSW Steel has become the First Manufacturer to Achieve GreenPro Ecolabel for its ‘Automotive Steel’ Products. The GreenPro ecolabel, developed by the Confederation of Indian Industry’s (CII) Green Business Centre, recognizes the highest standards of environmental sustainability and product performance in the Indian manufacturing sector. 

JSW Steel Vijayanagar’s ‘Automotive Steel’ products have undergone rigorous assessments and met the stringent criteria set by the GreenPro certification. This remarkable accomplishment demonstrates JSW Steel’s commitment to producing high-quality, sustainable steel solutions for the automotive industry. The GreenPro ecolabel signifies that JSW Steel’s products are manufactured with due care to their environmental impact throughout their lifecycle, including raw material sourcing, production processes, energy consumption, and end-of-life management.  

Recently, JSW Steel and JFE Steel, Japan signed a Memorandum of Understanding (MoU) to conduct a joint feasibility study to establish a cold rolled grain-oriented electrical steel manufacturing joint venture in India. 

JSW Steel is one of the largest steel manufacturing companies in India having units in Karnataka and Maharashtra producing crude steel, long steel and flat steel products. JSW Steel is primarily engaged in the business of manufacture and sale of Iron and Steel Products. In 2021, the company completed the acquisition of BPSL and became the largest steel producer in India. The company is the owner of the single largest steel plant in India with a capacity of 12 MnTPA. 

Today, the stock opened at Rs 704.65, with a high and low of Rs 704.65 and Rs 691.55. The stock closed trading at Rs 696.50, down by 1.16%. The stock has a 52-week high of Rs 783.35 and a 52-week low of Rs 533. The company has a ROCE of 8.37% and an ROE of 5.57% with a market capitalisation of Rs 1,68,359 crore.