Chintan Mehta of Sunidhi Securities feels JSPL has received good valuations and the deal will prove to be earnings per share (EPS) accretive

To sell non-core assets, steel biz IPO in 6-12 mnths likely:JSPL

Jindal Steel and Power (JSPL) may consider an initial public offering (IPO) for its steel plant in 6-12 months, says Naveen Jindal, the company's chairman, in an interview to CNBC-TV18.

Co to sell stake in JPL, reduce standalone power assets: JSPL

Ravi Uppal, MD & CEO of JSPL says that the company has been approached by various parties for JPL stake as well as for standalone power assets.

Minimum import price for steel will depend on prod cost: JSPL

Speaking to CNBC-TV18‘s Rituparna Bhuyan, Uppal says that the industry will ask for a minimum import prices from the government, which will be based on reasonable cost of production.

Debt severely impacted otherwise good PAT levels: JSPL

The company posted a consolidated loss of Rs 339 crore in the quarter ended June against net profit of Rs 418 crore in the same quarter last year.

Will raise funds via power biz, Oman unit listing: JSPL

Speaking to CNBC-TV18, Ravi Uppal, Managing Director and CEO of JSPL says the company expects to do well with improvement in the market sentiment and the company‘s earnings.

Custom duty hike not enough; aim to pare debt: JSPL

If it has to be a level playing field for the Indian steel industry the import duty must be increased to 25 percent, said Ravi Uppal MD & CEO, JSPL.

CARE stake sale to aid CAR, awaiting Pipapav CDR nod: IDBI

After negotiating for bulk sale, IDBI offloaded 10 percent in CARE to LIC for Rs 421 crore. The bank's deputy MD BK Batra informed that the bank has strategic stake in various companies which are quite valuable today.

3500 MW power capacity at stake due to canceled bids: JSPL

While the company is mulling various options to tackle this problem, Ravi Uppal, managing director and chief executive officer, JSPL says the government shouldn‘t forget the quantum of power capacity that is now at stake due to the cancelled bids- 3500 MW.

Existing power agreements to be revised downward: Coal Secy

Swarup however declined to say if the government suspected cartelization, adding that it was too early to say if the bids for these 8 blocks would be cancelled

Worst behind JSPL; co winning blocks for decent price: IIFL

Dole says losing Mandakini block is a sentiment deterrent for Adani Power, but the Jitpur block should help Adani Power tie up coal for its Korba plant

Union Budget 2015: Here's why India Inc gives thumps up to Jaitley's Budget

Adi Godrej, chairman, Godrej Industries is confident that the constitutional amendment to goods and services tax (GST) will be passed in this Budget session. He expects FY16 GDP to be around 8.4-8.5 percent.

How JSPL chalked out its strategy for the coal auction

Last week was a rollercoaster ride for Jindal Steel & Power at the coal auctions. The company successfully retained the richest mine for the lowest price but also missed out on one block.

JSPL loses Gare Palma IV/1, what next for co?

Chintan J Mehta, Sunidhi Securities says JSPL has applied for IV/7 which erstwhile belonged to Sharda. If it wins IV/7, margins will not be affected much, but if it has to go for e-auction route perhaps margins could come down

Gare Palma IV/2&3 have total capacity of 6 MTPA: JSPL

Jindal Steel and Power Limited today won the Gare Palma IV/2&3 coal mine at Rs 108 per tonne each.

Govt needs to be pragmatic on coal block sale: JSPL's Uppal

In a reprieve to JSPL, the Delhi High Court on Wednesday overruled the government‘s decision to reserve the Gare Palma IV/6 and Utkal B blocks for the power sector.

'HC wants ex-allottees to be allowed to bid for own mines'

GD Mundra, director, Sarda Energy & Minerals believes the Delhi High Court wants prior allottees to be given an opportunity to bid for their own mine as based on them these companies have set up end-use plants.

Will bid for upcoming iron ore auctions selectively: JSPL

Ravi Uppal, managing director, JSPL is confident of starting its international mines businesses by March. The company has mines in both Mozambique and Australia.

Govt should take steps to protect local steel players: JSPL

The government of India needs to take steps to protect the domestic steel producers, says Ravi Uppal, MD & CEO, Jindal Steel & Power Limited.

Supplies from Sharda mines hinge on environment nod: JSPL

Ravi Uppal, managing director and CEO of JSPL says the plants are being run based on the inventory of iron ore lumps that it had, along with the supplies it is getting from the Tensa mine.

Confident of being allowed to participate in auction: JSPL

The government has proposed an ordinance to allow e-auction of mines to private players while adding that state-run companies would be allocated mines directly.

Investments worth around Rs 250,000 cr is at stake: JSPL

Post SC verdict on coal block allocation, JSPL cracked around 15 percent Monday. The stock has bounced back after two days of intense selling. It witnessed some buying at lower levels on Wednesday.

Expect 30% EBITDA margin, demand pick-up going ahead: JSPL

Demand is slowly picking up and by next year the capacity will increase by 10 percent, says JSPL's K Rajagopal.

Steel capacity to touch 8 mt by FY14-end: JSPL

For Jindal Power (JPL), Ravi Uppal expects the total capacity to go about 2,800 MW, after the commissioning of three units of 600 Mega Watts.

Exports in Q3 grew by 9% in volume terms: JSPL

MD and CEO Ravi Uppal said, "PAT has not been as good as we had in Q3 last year, reason being that we have the additional load of interest and depreciation plus the price realisation has not been as good as we had last year."