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Jindal Steel & Power Ltd News

F&O Insights: Grasim among 12 stocks with over 20% OI change in last 4 days

In the derivatives segment, stocks such as India Cement, GMR Infra, Chambal Fertilizers seem to have witnessed long unwinding in recent trading sessions owing to the sharp rally in share prices.

F&O Insights: Grasim among 12 stocks with over 20% OI change in last 4 days
Updated On : 21 Jun 2024 | 11:59 AM IST

Jindal Stainless buys remaining 46% stake in Chromeni Steels for Rs 278 cr

Jindal Stainless on Monday said it has acquired the remaining 46 per cent stake in Chromeni Steels Private Ltd (CSPL) for Rs 278 crore. Consequently, CSPL has become a wholly-owned subsidiary of the company, with effect from June 15, 2024, Jindal Stainless Ltd (JSL) said in a release. "Jindal Stainless acquires remaining 46 per cent equity stake in Chromeni Steels Private Ltd. The transaction entails a total outlay of Rs 278 crore, comprising payment towards equity transfer and payment of shareholders' debt," it said. Jindal Stainless earlier acquired a 54 per cent equity stake in CSPL through an indirect acquisition deal for Rs 1,340 crore. The overall acquisition of CPSL costs around Rs 1,618 crore to JSL. JSL CEO Tarun Kumar Khulbe said, "The acquisition of a 100 per cent equity stake in Chromeni will help us climb the value chain. Since we expect the facility to be operational soon, this strategic move will enable the company to capitalise on the robust domestic demand, which

Jindal Stainless buys remaining 46% stake in Chromeni Steels for Rs 278 cr
Updated On : 17 Jun 2024 | 9:48 PM IST

Nifty Metal index hits record high on May 21; what's fuelling the rally?

The surge in the metal index, analysts believe, is largely credited to Vedanta's robust Q4 performance and its first interim dividend declaration of Rs 11 for FY25

Nifty Metal index hits record high on May 21; what's fuelling the rally?
Updated On : 21 May 2024 | 1:00 PM IST

Jindal Steel & Power stock already factoring in improving prospects

Given a higher conversion of semis into value-added products, JSPL expects realisation and profitability to improve

Jindal Steel & Power stock already factoring in improving prospects
Updated On : 14 May 2024 | 9:22 PM IST

Jindal Steel and Power shares hit 52 week high on strong Q4 performance

The surge came after the company announced a strong set of quarter-ending March of financial year 2024 (Q4FY24) results

Jindal Steel and Power shares hit 52 week high on strong Q4 performance
Updated On : 14 May 2024 | 11:37 AM IST

Jindal Steel Q4 results: PAT at Rs 933 cr, up 100.2%; revenue falls 1.4%

BENGALURU (Reuters) - India's Jindal Steel & Power reported on Monday a fourth-quarter profit that doubled from a year earlier as input costs declined.

Jindal Steel Q4 results: PAT at Rs 933 cr, up 100.2%; revenue falls 1.4%
Updated On : 13 May 2024 | 6:37 PM IST

Pre-market: Nifty key levels; Stocks to react to Q4 nos, IIP data on May 13

All you need to know before the market opens on Monday, May 13: Gift Nifty hints gap-down open; India's IIP growth rate slows; Jindal Steel, DLF, UPL and Zomato Q4 results today.

Pre-market: Nifty key levels; Stocks to react to Q4 nos, IIP data on May 13
Updated On : 13 May 2024 | 7:02 AM IST

BSE Metal index surges 3% as base metals climb to multi-year highs

Metal stocks top performers: Here's why metal stocks were in demand on the Dalal Street on Wednesday.

BSE Metal index surges 3% as base metals climb to multi-year highs
Updated On : 24 Apr 2024 | 1:15 PM IST

SAIL at 14-yr high; Can steel stocks extend rally? Here's what charts say

The Nifty Metal index has gained 6% in the last 3 days outperforming the benchmark Nifty. Here's a technical outlook on SAIL, Tata Steel, JSW Steel and Jindal Steel.

SAIL at 14-yr high; Can steel stocks extend rally? Here's what charts say
Updated On : 03 Apr 2024 | 11:48 AM IST

Jindal Steel & Power takes on ops at Venezuela's largest iron-ore mill

Jindal officials are carrying out inspections at iron-ore plants of CVG Ferrominera Orinoco, according to two people familiar with the process, who asked not to be named as information isn't public

Jindal Steel & Power takes on ops at Venezuela's largest iron-ore mill
Updated On : 21 Mar 2024 | 8:54 PM IST

JSW Steel forms JV with Japanese firm to produce steel variety in India

New company will be set up with a planned investment of Rs 5500 cr

JSW Steel forms JV with Japanese firm to produce steel variety in India
Updated On : 13 Feb 2024 | 12:47 PM IST

Jindal Steel and Power Q3 results: PAT jumps four-fold to Rs 1,928 cr

The company, which has steel, mining and infrastructure businesses, said its consolidated net profit after tax increased to Rs 1928 crore ($232 million) in the three months to Dec. 31, from Rs 518 cr

Jindal Steel and Power Q3 results: PAT jumps four-fold to Rs 1,928 cr
Updated On : 31 Jan 2024 | 9:56 PM IST

JSPL Q3 results: Profit jumps to Rs 1,923 cr, income down at Rs 11,736 cr

Steel maker Jindal Steel and Power Ltd (JSPL) on Wednesday posted close to a four-fold jump in consolidated profit to Rs 1,923 crore in the December quarter, aided by reduced expenses. It had clocked a "total profit" of Rs 518.27 crore in the year-ago period, the company said in an exchange filing. The company's total income fell to Rs 11,736.40 crore from Rs 12,469.50 crore in the year-ago quarter. JSPL trimmed expenses to Rs 9,809.57 crore from Rs 11,028.27 crore in the October-December period of the last fiscal. In a statement, JSPL Chairman Naveen Jindal said, "We achieved several important milestones during the quarter, which includes commissioning of the Utkal C thermal coal mines, state-of-the-art hot strip mill and International EPD certifications for Hot Rolled plates/coils and structural steel." "This demonstrates both our commitment and capability to execute the capex plan which will surely make us one of the most cost efficient and eco-friendly steel companies in India

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Updated On : 31 Jan 2024 | 6:51 PM IST

Jindal Steel & Power commissions 6 MTPA hot strip mill at Angul steel plant

Jindal Steel and Power (JSP) Ltd on Friday announced the commissioning of a 6 MTPA hot strip mill at its steel manufacturing facility in Angul, Odisha. The mill has been commissioned in a record time of 29 months, the hot strip mill (HSM) produced the first set of coils on January 10, 2024, which were dispatched this week on Monday, JSP said in a statement. "Supplied by SMS SIEMAG, the HSM is capable of producing 1.00 mm thick and 1,680 mm wide coils and is equipped with advanced features like transfer bar cooling, edge heater, coil box, and heat shields, ensuring top-notch flatness, uniform mechanical properties, and production of superior value-added grades," it said. Commissioning of the HSM positions the company to cater to various sectors, including auto, construction, oil, downstream cold rolling, galvanising, colour coating, etc, JSP said. "Commissioning of HSM at Angul is an important milestone for Jindal to become a serious player in the flat products market. That it has b

Jindal Steel & Power commissions 6 MTPA hot strip mill at Angul steel plant
Updated On : 19 Jan 2024 | 4:10 PM IST