Apr 27, 2012, 06.28 PM IST | Source: Reuters

Jindal Steel plans $1.9 bln capex in 2012/13

Jindal Steel and Power Ltd plans to spend about Rs 10,000 crore on capital expenditure in the fiscal year that started in April, Sushil Maroo, group chief financial officer, said on a conference call

Jindal Steel plans $1.9 bln capex in 2012/13

Jindal Steel and Power Ltd plans to spend about Rs 10,000 crore on capital expenditure in the fiscal year that started in April, Sushil Maroo, group chief financial officer, said on a conference call.

Jindal, which operates a 4.5-million tonnes-a-year steel plant at Raigarh in Chhattisgarh, is adding capacity in Chhattisgarh, as well as in neighbouring Odisha and Jharkhand.

It is also setting up power plants with a capacity of 4,200 MW in Chhattisgarh and Jharkhand.

Jindal Steel stock price

On July 22, 2014, Jindal Steel & Power closed at Rs 295.65, up Rs 0.10, or 0.03 percent. The 52-week high of the share was Rs 350.00 and the 52-week low was Rs 181.55.


The company's trailing 12-month (TTM) EPS was at Rs 14.12 per share as per the quarter ended March 2014. The stock's price-to-earnings (P/E) ratio was 20.94. The latest book value of the company is Rs 142.80 per share. At current value, the price-to-book value of the company is 2.07.

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