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 November 26, 2015, Jindal Steel & Power closed at Rs 90.35, up Rs 4.15, or 4.81 percent. The 52-week high of the share was Rs 208.00 and the 52-week low was Rs 56.00.
The latest book value of the company is Rs 136.75 per share. At current value, the price-to-book value of the company was 0.66.
Set email alert for
ADS BY GOOGLE
video of the day
Like Bank Nifty; mkt has strong support at 7700: PhillipCap