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  • Jindal Steel and Power wins Kasia iron block in Odisha Sep 20, 2021 09:33 AM IST

    Jindal Steel and Power wins Kasia iron block in Odisha

    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.

  • JSPL steel output grows 6% in August; sales up 4% Sep 07, 2021 11:31 AM IST

    JSPL steel output grows 6% in August; sales up 4%

    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.

  • JSPL shareholders give nod to sell 96.42% stake in Jindal Power for Rs 7,401 crore Sep 03, 2021 03:23 PM IST

    JSPL shareholders give nod to sell 96.42% stake in Jindal Power for Rs 7,401 crore

    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.

  • JSPL accepts revised offer from Worldone to divest 96.42% in Jindal Power Aug 08, 2021 09:45 PM IST

    JSPL accepts revised offer from Worldone to divest 96.42% in Jindal Power

    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.

  • JSPL output jumps 20% in June quarter; sales up 3% Jul 07, 2021 12:40 PM IST

    JSPL output jumps 20% in June quarter; sales up 3%

    The company had produced 1.67 MT of steel in same of period of financial year 2020-21, JSPL said in a statement.

  • JSPL announces over Rs 1 lakh crore investment in Odisha in next 10 years Jul 07, 2021 12:00 PM IST

    JSPL announces over Rs 1 lakh crore investment in Odisha in next 10 years

    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.

  • Interview | India needs zero rail imports, domestic players can meet demand: JSPL MD VR Sharma Jun 28, 2021 05:36 PM IST

    Interview | India needs zero rail imports, domestic players can meet demand: JSPL MD VR Sharma

    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.

  • Questioned by proxy advisory firm, JSPL defers EGM for related party power deal May 24, 2021 05:59 PM IST

    Questioned by proxy advisory firm, JSPL defers EGM for related party power deal

    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.

  • International steel demand intact, domestic demand may come back by June 15, says JSPL MD, VR Sharma May 20, 2021 04:34 PM IST

    International steel demand intact, domestic demand may come back by June 15, says JSPL MD, VR Sharma

    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

  • JSPL ramps up daily oxygen supply limit to 120 tonne/day May 06, 2021 01:27 PM IST

    JSPL ramps up daily oxygen supply limit to 120 tonne/day

    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.

  • Govt likely to bring in reverse auction system for supplying rails to Indian Railways: JSPL MD May 02, 2021 12:51 PM IST

    Govt likely to bring in reverse auction system for supplying rails to Indian Railways: JSPL MD

    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.

  • JSPL board okays divestment in Jindal Power to Worldone for Rs 3,015 crore Apr 27, 2021 10:51 AM IST

    JSPL board okays divestment in Jindal Power to Worldone for Rs 3,015 crore

    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.

  • A 'bold decision' that helped JSPL swing back into the black in FY21 Jan 22, 2021 01:29 PM IST

    A 'bold decision' that helped JSPL swing back into the black in FY21

    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.

  • JSPL receives 'regular rail supplier' status from Indian Railways Dec 29, 2020 09:44 PM IST

    JSPL receives 'regular rail supplier' status from Indian Railways

    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.

  • Gainers & Losers: 10 stocks that moved the most on October 6 Oct 06, 2020 04:50 PM IST

    Gainers & Losers: 10 stocks that moved the most on October 6

    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.

  • JSPL receives rail supplier status from Indian Railways Sep 30, 2020 02:52 PM IST

    JSPL receives rail supplier status from Indian Railways

    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.

  • Jindal Steel and Power: Deleveraging, low-cost iron ore and higher utilisation to support earnings Jul 24, 2020 12:24 PM IST

    Jindal Steel and Power: Deleveraging, low-cost iron ore and higher utilisation to support earnings

    The main point of concern is operating performance of international subsidiaries of Jindal Steel and Power and their higher debt

  • China saves the day for JSPL as it returns to black in Q1 Jul 23, 2020 02:21 PM IST

    China saves the day for JSPL as it returns to black in Q1

    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

  • Jindal Steel and Power returns to black; posts Rs 267.58 crore net profit in June quarter Jul 22, 2020 04:11 PM IST

    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.

  • Omaxe, JSPL sign pact for supply of steel structures for Chandni Chowk project Jul 20, 2020 07:56 PM IST

    Omaxe, JSPL sign pact for supply of steel structures for Chandni Chowk project

    Omaxe is using the advanced steel structure technology to develop a multi-level parking-cum-commercial project.

  • Jindal Steel and Power: Improving fundamentals but stock rally merits caution Jun 02, 2020 12:14 PM IST

    Jindal Steel and Power: Improving fundamentals but stock rally merits caution

    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.

  • JSPL's crude steel output remains flat in April 2020 May 05, 2020 03:55 PM IST

    JSPL's crude steel output remains flat in April 2020

    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.

  • JSPL bags Rs 50 crore order to supply 12,000 tonnes of rail blooms to France Apr 15, 2020 12:45 PM IST

    JSPL bags Rs 50 crore order to supply 12,000 tonnes of rail blooms to France

    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

  • JSPL gets over 2,000 tonne rails order from Kolkata Metro, says Managing Director Sharma Apr 12, 2020 05:46 PM IST

    JSPL gets over 2,000 tonne rails order from Kolkata Metro, says Managing Director Sharma

    These special rails are used in high-speed freight corridors and metro rail projects.

  • JSPL promoter companies repay Rs 391 crore debt Apr 09, 2020 02:35 PM IST

    JSPL promoter companies repay Rs 391 crore debt

    "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.

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