March 28, 2018 12:40 PM IST Jindal Steel and Power Ltd (JSPL) successfully closed their Rs 1,200 crore qualified institutional placement (QIP) recently. In an interview with CNBC-TV18, Naushad Akhter Ansari, CEO, Steel Business of JSPL spoke about the latest happenings in his company and sector.
January 08, 2018 08:19 AM IST JSPL will raise Rs 1,000 crore via qualified institutional placement (QIP) in February, that is the word coming from Chairman Naveen Jindal. Speaking to CNBC-TV18's Anshu Sharma Jindal adds the company will also raise equity for Oman operations.
December 27, 2017 11:13 AM IST In an interview to CNBC-TV18, Naushad Akhter Ansari, CEO-Steel Business at JSPL spoke about the oxygen furnace installation at Angul and gave his outlook for the future.
October 10, 2017 09:59 AM IST Jindal Steel & Power (JSPL) had a good day in trade on Monday after receiving over Rs 1,100 crore in divestment of its oxygen plant assets at Raigarh and Angul units.
September 13, 2017 11:40 AM IST Going forward aim to take the plant load factor (PLF) to 60 percent from the current 45-50 percent range, said Ravi Uppal, MD & CEO, JSPL.
May 29, 2017 02:40 PM IST Jindal Steel & Power (JSPL) expects three million tonne of annual production from the Angul plant, said Naveen Jindal, Chairman of the company.
April 19, 2017 11:56 AM IST In an interview with CNBC-TV18, Naveen Jindal, Chairman, JSPL confirmed that they have no plans of selling the steel business.
April 17, 2017 11:23 AM IST "First step is to make sure that we do not add any debt and second is to reduce the debt through a gradual process". At the end of FY18, the debt should be reduced by about Rs 3,000 crore, Ravi Uppal, MD & CEO of JSPL told CNBC-TV18.
January 30, 2017 02:53 PM IST 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.
December 27, 2016 10:38 AM IST See an improvement in EBITDA per tonne at an average of Rs 7500 versus Rs 6000 per tonne in first half of FY17, said Ravi Uppal, MD & CEO, JSPL.
December 27, 2016 10:13 AM IST Speaking to CNBC-TV18 Seshagiri Rao, Joint MD & Group CFO at JSW Steel said that the company will see an impact due to higher coking coal prices in the coming quarter.
December 09, 2016 11:19 AM IST Ravi Uppal, MD & CEO of Jindal Steel and Power says steel prices have been hiked to compensate for higher cost of production due to rising input costs. Prices of raw materials like coking coal anf pellet have shot up.
November 23, 2016 11:00 AM IST In an interview with CNBC-TV18, Ravi Uppal said that the raw material costs for coking coal has gone up by nearly three times from the lows it saw earlier this year and this rise in raw material price is affecting input costs and the company plans to pass on the price burden progressively to consumers.
July 27, 2016 11:14 AM IST Specifically talking about Ramchandi coal block, the MD & CEO of Jindal Steel & Power (JSPL), Ravi Uppal said that the coal block was never used by the company. However, the project related to that was cancelled post deallocation of the block.
July 14, 2016 10:05 AM IST Jindal Steel & Power expects the government to extend the minimum import price (MIP) levied on certain steel products to others such as scrap, MD Ravi Uppal says.
July 04, 2016 10:07 PM IST The steel industry is joining forces seeking an extension of minimum import price which is slated to expire in August.
June 20, 2016 10:34 AM IST Power as well as steel sector continue to be in a downtrend. If MIP is removed, some other protective mechanism for steel sector must be there, says Ravi Uppal, MD & CEO of JSPL.
June 17, 2016 09:45 AM IST On February 5, the government imposed minimum import prices (MIP) on steel products for a period of six months in a bid to stop the deluge of cheap imports.
May 04, 2016 09:47 AM IST Chintan Mehta of Sunidhi Securities feels JSPL has received good valuations and the deal will prove to be earnings per share (EPS) accretive
March 22, 2016 10:40 AM IST 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.
March 11, 2016 10:38 AM IST 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.
January 14, 2016 02:12 PM IST 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.
June 25, 2015 06:05 PM IST 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.
June 24, 2015 10:49 AM IST 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.
March 24, 2015 12:30 PM IST 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.
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