Eye 3MT exports in FY14; net debt at Rs 30435cr: JSW Steel

Oct 31, 2013, 11.08 AM IST

Rupee's deprecation has aided realisations and the Indian currency is likely to stabilise in range of 61-62/USD, says Seshagiri Rao.

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Eye 3MT exports in FY14; net debt at Rs 30435cr: JSW Steel

Rupee's deprecation has aided realisations and the Indian currency is likely to stabilise in range of 61-62/USD, says Seshagiri Rao.

Like this story, share it with millions of investors on M3

Eye 3MT exports in FY14; net debt at Rs 30435cr: JSW Steel

Rupee's deprecation has aided realisations and the Indian currency is likely to stabilise in range of 61-62/USD, says Seshagiri Rao.

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We are trying to balance net payables exposure to forward export revenue.

Seshagiri Rao

Jt MD

JSW Steel

Leading industry player JSW Steel aims to export 3 mt steel in FY14 versus 1.9 mt, year-on-year (YoY). In an interview to CNBC-TV18, Joint MD & Group CFO Seshagiri Rao said that the export market has improved on the back of better realizations and demand.

Rupee's deprecation has aided realisations and the Indian currency is likely to stabilise in range of 61-62/USD, he added.

Further, he said that the company's net debt currently stands at Rs 30,435 crore and is looking at hedging costs to zero and balance forex exposure.

Also Read: JSW Steel posts Q2 loss at Rs 115.5cr on exceptional item

This copy will be updated shortly....

On October 31, 2013, at 11:12 hrs JSW Steel was quoting at Rs 852.15, up Rs 3.95, or 0.47 percent. The 52-week high of the share was Rs 893.75 and the 52-week low was Rs 451.50.

The company's trailing 12-month (TTM) EPS was at Rs 24.43 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 34.88. The latest book value of the company is Rs 811.51 per share. At current value, the price-to-book value of the company was 1.05.

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