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  • Govt earned 24% average revenue share via commercial coal mine auctions: Minister G Kishan Reddy

    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.

  • Jindal Steel and Power: Decent quarter in a challenging environment

    Jindal Steel and Power: Decent quarter in a challenging environment

    Operating performance to get better on the back of cost savings, capacity expansion, and high-margin products

  • JSPL shares rise 4% as brokerages give thumbs up to firm's solid Q4 earnings, strong growth prospects

    JSPL shares rise 4% as brokerages give thumbs up to firm's solid Q4 earnings, strong growth prospects

    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.

  • Jindal Steel Q4 net profit rises 100% to Rs 933 crore amid robust demand

    Jindal Steel Q4 net profit rises 100% to Rs 933 crore amid robust demand

    The Naveen Jindal-led company's consolidated gross revenue in the January-March quarter remained flat at Rs 15,749 crore

  • JSPL Q2 PAT may dip 5.2% YoY to Rs. 1,060.2 cr: ICICI Securities

    JSPL Q2 PAT may dip 5.2% YoY to Rs. 1,060.2 cr: 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.

  • JSPL Q2 PAT may dip 5.2% YoY to Rs. 1,060.2 cr: ICICI Securities

    JSPL Q2 PAT may dip 5.2% YoY to Rs. 1,060.2 cr: 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.

  • Wary of high rates, metal producers plan to fund capex through cash flows, and not debt

    Wary of high rates, metal producers plan to fund capex through cash flows, and not debt

    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.

  • Shares of Jindal Steel & Power fall 3% as Q4 profit slumps 70%

    Shares of Jindal Steel & Power fall 3% as Q4 profit slumps 70%

    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

  • JSPL Q4 net profit falls by 70% to Rs 465.66 crore

    JSPL Q4 net profit falls by 70% to Rs 465.66 crore

    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.

  • Gainers & Losers: 10 stocks that moved the most on April 20

    Gainers & Losers: 10 stocks that moved the most on April 20

    As 1858 shares advanced, 1548 shares declined, and 125 shares were unchanged. Take a look at the top gainers and losers.

  • JSPL to double rail-making capacity; set up 2nd rail mill at Angul in Odisha

    JSPL to double rail-making capacity; set up 2nd rail mill at Angul in Odisha

    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.

  • Budget 2023: JSPL’s MD Decodes Union Budget 2023 For The Steel Sector

    Budget 2023: JSPL’s MD Decodes Union Budget 2023 For The Steel Sector

    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!

  • JSPL Q3 PAT may dip 28.4% YoY to Rs. 1,165 cr: Motilal Oswal

    JSPL Q3 PAT may dip 28.4% YoY to Rs. 1,165 cr: Motilal Oswal

    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.

  • Budget 2023: Need level playing field for steel industries, says Jindal Steel Power's Bimlendra Jha

    Budget 2023: Need level playing field for steel industries, says Jindal Steel Power's Bimlendra Jha

    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.

  • JSPL to invest Rs 1,500 crore to make Monnet Power project operational: MD Bimlendra Jha

    JSPL to invest Rs 1,500 crore to make Monnet Power project operational: MD Bimlendra Jha

    The investment will be made over the period of the next 12 to 18 months, he said.

  • Live: JSPL MD Bimlendra Jha Speaks About Budget Expectations & Steel Cyclicality

    Live: JSPL MD Bimlendra Jha Speaks About Budget Expectations & Steel Cyclicality

    JSPL’s managing director speaks about Budget 2023, industry outlook & steel cyclicality with Moneycontrol's Nickey Mirchandani. Tune in!

  • BoJ's surprise move to increase yield curve cap & its impact on global markets | Opening Bell

    BoJ's surprise move to increase yield curve cap & its impact on global markets | Opening Bell

    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.

  • JSPL to invest Rs 7,930 crore under the PLI scheme for specialty steel: MD Bimlendra Jha

    JSPL to invest Rs 7,930 crore under the PLI scheme for specialty steel: MD Bimlendra Jha

    On December 9, the government announced the selection of 67 entries with an investment potential of Rs 42,500 crore under the scheme.

  • 67 entries with Rs 42,500-crore funding plans enter specialty steel PLI scheme

    67 entries with Rs 42,500-crore funding plans enter specialty steel PLI 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.

  • JSPL acquires Monnet Power’s power plant for Rs 410 crore

    JSPL acquires Monnet Power’s power plant for Rs 410 crore

    The plant was auctioned last month following a company law tribunal order.

  • JSPL acquires Monnet Power’s power plant for Rs 410 crore

    JSPL acquires Monnet Power’s power plant for Rs 410 crore

    The plant was auctioned last month following a company law tribunal order

  • JSPL wins bid to build Botswana's 300 MW coal power plant

    JSPL wins bid to build Botswana's 300 MW coal power plant

    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.

  • JSPL might not be able to reduce debt level in H2 of FY23: MD Bimlendra Jha

    JSPL might not be able to reduce debt level in H2 of FY23: MD Bimlendra Jha

    The company wants to completely meet its debt obligations and borrow only for future businesses

  • Tata Steel, JSW Steel, SAIL surge as government reconsiders export duty on steel products

    Tata Steel, JSW Steel, SAIL surge as government reconsiders export duty on steel products

    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.

  • Indian steelmakers face hit on Europe deals over export tax: JSPL executive

    Indian steelmakers face hit on Europe deals over export tax: JSPL executive

    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.

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