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 and Power Ltd
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 October 20, 2014, at 15:40 hrs Jindal Steel & Power was quoting at Rs 135.40, down Rs 12.7, or 8.58 percent. The 52-week high of the share was Rs 350.00 and the 52-week low was Rs 128.00.
The company's trailing 12-month (TTM) EPS was at Rs 14.86 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 9.11. The latest book value of the company is Rs 142.79 per share. At current value, the price-to-book value of the company is 0.95.
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