India's JSW Steel gains on Orissa High Court relief
19/10/2026 08:28
BUZZ-India's JSW Steel gains on Orissa High Court relief ** Steel products manufacturer JSW Steel JSTL.NS shares rise as much as 2.54% to 1,247.2 rupees apiece; last up 2.2%
** Uptick after Orissa High Court quashes a demand of 6.96 billion rupees ($73.39 million) against JSTL related to mining dispatch shortfalls at its Jajang iron ore block for financial year 2021
** Court also sets aside a separate demand of 14.73 billion rupees for FY2025, providing relief for the company
** JSTL was the top gainer in Nifty 50 .NSEI metal index .NIFTYMET; Nifty down about 1%, metal index trades flat
** JSTL up 6.7% in 2026 so far compared with the 12.3% drop in Nifty 50
($1 = 94.8400 Indian rupees)
(Reporting by Bharath Rajeswaran in Bengaluru)
((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))
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