Jindal Steel And Power Ltd

In the last one year, JSPL's stock has given a return of around 5 percent, while it has risen a whopping 546 percent in the past three years.

JSPL’s realisation takes a hit of 16-17% over June, July post export duty imposition

JSPL will continue to aim to become net debt free by the end of FY23, the management said.

Centre gets financial bids for strategic disinvestment of NINL: DIPAM Secy

The joint venture by both state and central governments, NINL had shut its operations on March 27, 2020, citing financial loss.

JSPL to bid 'aggressively' for debt-laden steel maker NINL next week: MD VR Sharma

Asked about JSPL’s plans with respect to NINL post acquisition of the unit, the MD replied his company would be investing in the asset to expand its capacity and product mix.

JSPL hopeful of concluding deal to sell 96.42% stake in Jindal Power by December

Worldone will buy out all the equity shares and redeemable preference shares of JPL held by JSPL for a total consideration of approximately Rs 7,401 crore.

JSPL makes prepayment of Rs 2,462 crore to lenders

The company said it is now aiming towards becoming net debt free, but it did not share by when.

JSPL crude steel output jumps 80% to 6.90 lakh tonnes in January

JSPL Managing Director V R Sharma said, 'We have posted good numbers in a challenging environment. With the country getting back to normalcy, we will only do better. We will double our efforts towards rebuilding the economy and the nation'.

Jindal Steel and Power swings into black, posts Rs 2,432-crore net profit in December quarter

The company had recorded a net loss of Rs 257.36 crore during the same quarter a year ago, JSPL said in a BSE filing.

Indian companies prepare to buy vaccines for employees

Indian factories are recovering from one of the world's strictest lockdown last year, which led to large-scale job losses and migration of workers back to their villages.

Aditya Birla Group's EMIL Mines places winning bid for Radhikapur coal mine in Odisha: Report

Aurobindo Realty and Infrastructure placed the winning bids for Urma Paharitola mine in Jharkhand

Jindal Steel and Power returns to black; posts Rs 267.58 crore net profit in June quarter

During April-June 2020, the company's total income declined to Rs 9,281.88 crore from Rs 9,945.58 crore in the year-ago quarter, JSPL said in a BSE filing on Wednesday.

Jindal Steel and Power completes first-ever rail order ahead of schedule

In July last year, JSPL had received from the national transporter an order of one lakh tonne rails, to be supplied within a year.

Jindal Steel and Power produces 1.51 million tonnes steel in Q4; sales at 1.45 million tonnes

The company had produced 1.26 MT during the January-March quarter a year ago, it said adding the sales in fourth quarter of previous fiscal were at 1.18 MT.

JSPL bags order from Railways for additional 30,000 tonne rails

The company has recieved an additional order of 30,000 tonne rail from the Railways, JSPL said in a statement.

JSPL names Naushad Ansari as joint MD

"Nausad Akhter Ansari has been elevated as Joint Managing Director. Ansari, the current CEO of steel business will assume the role of Joint MD of the company with immediate effect," the company said in a statement.

Markets@Moneycontrol: Nifty likely to open flat; 3 stocks which could give 8-15%

Trends on SGX Nifty indicate a flat to negative opening for the broader index in India, a fall of 8 points or 0.07 percent. Nifty futures were trading around 11,381-level on the Singaporean Exchange.

JSPL to rejig liabilities of South African biz

The assets are being rationalised keeping in view their long-term viability, the raw material security for JSPL and the profitability of each of these businesses.

Indian steel firms can meet railways' needs: government panel

State-run Steel Authority of India Ltd (SAIL), currently the main supplier of rails to Indian Railways, has struggled to supply the steel as the world's fourth largest rail network tries to upgrade and expand.

JSPL secures coal linkage for a 5-year term

"The coal linkages, secured for a 5-year duration, will provide steady supply of fuel to captive power plants run by the company for its steel-making operations," the company said in a filing to the BSE today.

Coal scam: Court allows Naveen Jindal to travel abroad

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

CCI looking into allocation of three coal blocks

The government last month cancelled bids of Jindal Steel and Power Ltd for a few coal blocks in the recently held auction amid speculation of cartelisation.

SAIL asked to deposit bank guarantee of Rs 57 lakh

The Coal Ministry has asked Steel Authority of India Ltd to deposit a bank guarantee of Rs 57 lakh for delaying development of a mine in Jharkhand allocated to the company for captive use.

Companies meet IMG on delays in coal blocks' development

The coal block allocatees were earlier issued show-cause notices for delaying the production from their mines.

Check out: Top trading ideas by market experts

In an interview to CNBC-TV18, Sudarshan Sukhani of s2analytics.com, SP Tulsian of sptulsian.com and Vishal Kshatriya, Edelweiss give top pick for the day.

HC takes cognisance of defamation complaint against Jindal

A Delhi court took cognisance of Zee Business Editor Samir Ahluwalia's criminal defamation complaint against Naveen Jindal, his firm Jindal Steel and Power Ltd (JSPL) and its 14 officials.