Under round 12, a total of 25 coal mines are being offered, comprising 7 mines under Coal Mines (Special Provisions) Act, 2015 and 18 mines under Mines and Minerals (Development and Regulation) Act, 1957.
Operating performance to get better on the back of cost savings, capacity expansion, and high-margin products
Brokerages painted a strong growth outlook for Jindal Steel and Power amid expectations of robust EBITDA and volume growth due to rising steel prices and completion of most of the planned capex in FY25.
The Naveen Jindal-led company's consolidated gross revenue in the January-March quarter remained flat at Rs 15,749 crore
Net Sales are expected to decrease by 10.3 percent Y-o-Y (down 3.7 percent Q-o-Q) to Rs. 12124.6 crore, according to ICICI Securities.
Net Sales are expected to decrease by 10.3 percent Y-o-Y (down 3.7 percent Q-o-Q) to Rs. 12124.6 crore, according to ICICI Securities.
India’s five major metal producers combined have earmarked around Rs 63,400 crore for capex in FY24. For three of them, this will be funded through internal accruals, while the other two hope to reduce debt despite capex.
Morgan Stanley has an ‘underweight’ rating on the stock with a target price of Rs 460. Meanwhile, Macquarie gave a ‘neutral’ rating to the shares of Jindal Steel & Power with a target price of Rs 557
The company had clocked Rs 1,527.04 crore "net profit after tax from continuing operation" during the January-March quarter of 2021-22, JSPL said in a BSE filing.
As 1858 shares advanced, 1548 shares declined, and 125 shares were unchanged. Take a look at the top gainers and losers.
The steel maker owns and operates 1 MTPA rail mill at its Raigarh unit, in Chhattisgarh, where it manufactures speciality rails like 1175 HT, R350 HT, asymmetric rails, and 1080 HH (head hardened) rails for the Railways, metro projects and high-speed freight corridors.
JSPL’s MD speaks about capital outlay of Rs 10 lakh crore, affordable housing, infra push, extension of basic custom duty and more among other things, live. Tune in!
Net Sales are expected to increase by 11.2 percent Y-o-Y (up 3 percent Q-o-Q) to Rs. 13,922.7 crore, according to Motilal Oswal.
Higher input costs, lower exports and escalated debts- have been the story for the steel industry in 2022. How different would 2023 be? What is the industry expectation from Budget 2023? Bimlendra Jha, MD, JSPL answers all this in an exclusive conversation with Moneycontrol.
The investment will be made over the period of the next 12 to 18 months, he said.
JSPL’s managing director speaks about Budget 2023, industry outlook & steel cyclicality with Moneycontrol's Nickey Mirchandani. Tune in!
Yesterday, global markets were shaken by the Bank of Japan’s decision to increase its yield curve cap. The central bank has permitted the yield on the 10-year Japanese government bond to swing 50 basis points either side of its 0 percent objective. Santosh Nair dissects what this move means and how this impacts the global trade set up. Also catch his views on JSPL and City Union Bank.
On December 9, the government announced the selection of 67 entries with an investment potential of Rs 42,500 crore under the scheme.
Applicants include all major steel players like Tata Steel, JSW Steel, JSPL, AMNS India and SAIL, a senior steel ministry official had earlier told PTI.
The plant was auctioned last month following a company law tribunal order.
The plant was auctioned last month following a company law tribunal order
Four companies were initially short-listed for the contract but one pulled out leaving Jindal, African Energy Resources and Minergy in a three-way race.
The company wants to completely meet its debt obligations and borrow only for future businesses
Tata Steel, JSW Steel, Jindal Steel & Power and SAIL shares jumped after sources said a decision is yet to be taken on the exemption of export duty for certain steel products.
India imposed an export tax of 15% on eight steel products late on Saturday, at a time steelmakers are looking to make up for tepid local demand by increasing market share in Europe, whose supplies have been hit by Russia's invasion of Ukraine.