JSW Steel Shares Surge After NGT Clears Dolvi Plant Non-Compliance Case

JSW Steel shares surged 3.6% on Monday following the National Green Tribunal (NGT) rejection to hear a case against JSW Steel’s Dolvi Plant regarding suspected environmental malpractice. The share of the company went up to an intraday high of ₹1,044.35 at the Bombay Stock Exchange (BSE) before closing at ₹1,032.65 at 1:56 PM. In the meanwhile, BSE Sensex jumped by 1.25% to 79,533.65.

The company’s market capitalization was at ₹2,52,529.8 crore with the stock having made a 52-week high and low of ₹1,074.15 and ₹824.1, respectively. JSW Steel in a filing to the market regulator has informed in its order dated April 17, 2025, the NGT ruled that the company is functioning within the environmental parameters.

The NGT did, however, order the company to implement its discretionary environment conservation and restoration activities like plantation and CSR activities within one year. This is a pleasant end for JSW Steel which was in the spotlight for its environmental activities.

JSW Steel is owned by Indian business conglomerate JSW Group with interests across infrastructure, energy, cement and other sectors, and is the largest steel-making company in India. It was started with one plant in the past three decades and is now one of the largest integrated steel producers in India with a total Indian and US capacity of 35.7 MTPA (million tons per annum). Its flagship Vijayanagar complex in Karnataka is India’s biggest single steel complex with a production capacity of 17.5 MTPA.

In the near term, JSW Steel will increase its overall capacity to 38.5 MTPA up to FY25. Shares of the company have gained 17.7% in the last year whereas Sensex has increased by 6.6% during the same period.