"The gas that we are producing is about 225 thousand cubic metres per hour for which we set up this gas-based coal generation plant... We have 75-90 thousand cubic metres of gas we can spare for setting up an ammonia or urea plant. So, it is very much on the cards," JSPL MD and CEO Ravi Uppal told PTI in an interview.
JSPL stock is back to a level of Rs 123 a share with most of its businesses now showing revival. While the Street is still debating whether to call it a turnaround or not, green shoots are visible.
The JSPL chairman is bullish that increased production & good demand will help the company pare debt.
The names of these five persons were revealed by Singhal, a chartered accountant, who was earlier chargesheeted by the CBI as accused in the case.
Industrialist Naveen Jindal and five others were today summoned as accused by a special court for allegedly cheating the government by misrepresenting facts to get a coal block allocated in Madhya Pradesh.
Besides Jindal, the others summoned as accused are the company, Jindal Steel and Power Ltd (JSPL), its former Director Sushil Maroo, former Deputy MD Anand Goyal and CEO Vikrant Gujral for alleged cheating and criminal conspiracy in the allocation of Urtan North coal block in Madhya Pradesh.
A special court today directed CBI to expeditiously file its further probe report in a coal block allocation scam case against Congress leader and industrialist Naveen Jindal and others.
Jharkhand is endowed with rich mineral resources but had suffered political instability, Jindal said, adding that it is now on the path to development.
Naveen Jindal-led JSPL has said it is exploring various options, including divestment, to reduce its debt of around Rs 46,000 crore.
Speaking to CNBC-TV18, Naveen Jindal, Chairman said with better results, improving EBITDA combined with blast furnace starting production the company is will see a big jump in debt reduction.
Special Judge Bharat Parashar, however, took strong objection to the IO not filing the report in a proper format and asked him to do so by January 23.
Naveen Jindal-led Jindal Steel & Power Ltd (JSPL) today said its consolidated net loss narrowed to Rs 745.98 crore for the quarter ended September 30.
More than 50,000 jobs can be created by developing ancillary industries of Jindal Steel and Power Limited (JSPL) plant at Angul in Odisha for which over Rs 35,000 crore has already been invested, company chairman Naveen Jindal today said.
"K Rajagopal, has resigned from the position of CFO and he will relinquish his office from the close of business hours on November 21, 2016," it added.
"The company has not made payment of Rs 15.43 crore towards the interests due on NCDs, the due date for payment of which was October 31, 2016," JSPL said in a regulatory filing.
"The company has not made payment towards the interest due on ... NCDs, the due date for payment of which was September 30, 2016," the debt-laden firm said in a regulatory filing.
In a regulatory filing, the firm said HSBC Global Investment Fund sold 71.20 lakh shares amounting to 0.78 percent stake in the company through open market sales on September 6.
Jindal Steel and Power (JSPL) today said its consolidated net loss doubled to Rs 1,082.15 crore for the June quarter on account of decline in demand as well as higher fuel and finance costs.
Jindal Steel and Power Ltd (JSPL) has a total rail making capacity of 60,000 tonnes per month, of which 30,000 tonnes is head hardened rails.
"JSPL has secured long-term linkage of 1.18 MTPA for its state-of-the-art captive power generation plants in Dongamahua and Raigarh in Chhattisgarh," the Naveen Jindal-led firm said in a statement.
JSPL said its shareholders have approved the resolution of "divestment of the 1000 MW Power unit of Jindal Power Ltd into a special purpose vehicle (SPV) for the purpose of transferring the same to JSW Energy, with an overarching aim of garnering value for our equity shareholders".
A vacation bench comprising Justices P C Ghose and Amitava Roy did not agree with the submission of senior advocate A M Singhvi, appearing for Jindal, that the matter be heard urgently.
Congress leader and industrialist Naveen Jindal, accused in a coal block allocation scam case along with 14 others, has been allowed by a special court to travel abroad from May 28 to June 5 for business purposes
A special court on May 20 allowed CBI's plea to question a Jindal group's chartered accountant, who is an accused and has sought to turn approver in a coal scam case involving industrialist Naveen Jindal and others