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 April 23, 2014, Jindal Steel & Power closed at Rs 274.00, down Rs 1.8, or 0.65 percent. The 52-week high of the share was Rs 347.75 and the 52-week low was Rs 181.55.


The company's trailing 12-month (TTM) EPS was at Rs 14.63 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 18.73. The latest book value of the company is Rs 134.95 per share. At current value, the price-to-book value of the company is 2.03.

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