Sep 20, 2021 09:33 AM IST
The Kasia mining site is 194 hectares and was among the 11 mineral blocks for bauxite, iron ore and dolomite announced for auction in July by the Odisha government.
- Sep 07, 2021 11:31 AM IST
During the month, its sales volume also increased by 4 percent y-o-y to 7.1 lakh tonne, Jindal Steel and Power Limited (JSPL) said in a statement.
- Sep 03, 2021 03:23 PM IST
Jindal Power stake sale to Worldone has been approved by the JSPL shareholders at EGM (extraordinary general meeting) held on September 3, 2021, the source told PTI.
- Aug 08, 2021 09:45 PM IST
As announced earlier, JSPL through an independent transaction advisor (Grant Thornton Advisory Pvt. Ltd.) had undertaken an additional competitive and publicly held bidding process for the sale of its entire stake in JPL, in order to maximize the value for its shareholders.
- Jul 07, 2021 12:40 PM IST
The company had produced 1.67 MT of steel in same of period of financial year 2020-21, JSPL said in a statement.
- Jul 07, 2021 12:00 PM IST
The industrialist said this responding to a meeting chaired by Odisha Chief Minister Naveen Patnaik on Tuesday in which five major industrial projects worth Rs 1,46,172 crore in metal and metal downstream sectors were approved.
- Jun 28, 2021 05:36 PM IST
Steel demand is rising because of exports and several domestic sectors including water pipelines, refineries, railways, shipbuilding, boiler industry, cryogenic tank building and oxygen plants, the MD of JSPL said.
- May 24, 2021 05:59 PM IST
JSPL’s plan was to sell 96.43% in its power business, Jindal Power Ltd (JPL), to a privately held company by its promoter Naveen Jindal. The deal value of Rs 3,015 crore has raised shareholder protests. Sources now say the company will come out with a new structure for shareholder approval.
- May 20, 2021 04:34 PM IST
JSPL will be a net debt free company in this financial year; we will not borrow any money from banks for expansion, but will depend upon our internal accruals. In the last financial year, JSPL alone made Rs 7,154 crores of net profit. and we can manage expansion with this growth, he says
- May 06, 2021 01:27 PM IST
Till date, the company has supplied over 1,000 tonne of liquid medical oxygen (LMO) to various health centres in nine states of India, a company spokesperson said.
- May 02, 2021 12:51 PM IST
After the launch of the process, a company that offers lower price can bag order of supplying rails to the Indian Railways, the industry executive said.
- Apr 27, 2021 10:51 AM IST
The board of directors of JSPL has approved the divestment of its entire equity interest (representing 96.42 per cent of the issued and paid up capital) in Jindal Power by way of sale of shares, to Worldone Pvt Ltd, a promoter group company and a related party to the company, JSPL said in a regulatory filing.
- Jan 22, 2021 01:29 PM IST
In each of the three quarters, the steelmaker has reported profits, against losses in the year ago period. Managing Director VR Sharma talks about that important decision taken last year, that has helped.
- Dec 29, 2020 09:44 PM IST
The Research Designs and Standards Organisation (RDSO), which works under the ambit of the Railway board, has approved field performance of 60 kg 880 Grade (90 UTS) rails made by JSPL at its Raigarh plant.
- Oct 06, 2020 04:50 PM IST
On the sectoral front, except IT, FMCG, pharma and energy other indices ended in the green. BSE Midcap and Smallcap indices rose 0.5 percent each.
- Sep 30, 2020 02:52 PM IST
Railway Board has accepted the field performance test report of RDSO and considered UIC 60 kg, 880 Grade prime (Class- A) rails are suitable for use in Indian Railways, it added.
- Jul 24, 2020 12:24 PM IST
The main point of concern is operating performance of international subsidiaries of Jindal Steel and Power and their higher debt
- Jul 23, 2020 02:21 PM IST
The raging anti-China sentiment notwithstanding, JSPL has latched on to the export opportunity in the country, and other markets like Europe, to post a record quarterly EBITDA
- Jul 22, 2020 04:11 PM IST
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.
- Jul 20, 2020 07:56 PM IST
Omaxe is using the advanced steel structure technology to develop a multi-level parking-cum-commercial project.
- Jun 02, 2020 12:14 PM IST
JSPL results beat the Street’s expectation on the back of higher realisation, better gross margin due to iron ore from Sarda Mines and better performance from Oman.
- May 05, 2020 03:55 PM IST
In April this year, its consolidated sales also reduced by 29 percent to 4.55LT from 6.42MT in the corresponding period a year ago.
- Apr 15, 2020 12:45 PM IST
With this, JSPL has come to be acknowledged as one of the regular suppliers to France Railways. Similarly, Britain and Australia have expressed interest and they are expected to place orders as well
- Apr 12, 2020 05:46 PM IST
These special rails are used in high-speed freight corridors and metro rail projects.
- Apr 09, 2020 02:35 PM IST
"These promoter companies have repaid loans of around Rs 391 crore out of total debt amount Rs 747 crore as on December 3, 2019," the official said.