Jindal Steel

JSL, JSHL hit new highs ahead of merger; zoom over 100% in 6 months

Jindal Stainless (Hissar) has fixed Thursday, March 9, 2023, as the record date for its merger with Jindal Stainless with a swap ratio of 1: 1.95

NGT directs Jindal Steel to pay Rs 20 lakh to kin of 2020 blast victims

The National Green Tribunal (NGT) has directed Jindal Steel and Power Limited (JSPL) to pay a compensation of Rs 20 lakh each to the heirs of two workers who died due to a blast on its premises in Patralapli village in Chhattisgarh's Raigarh district on June 10, 2020. The tribunal has also directed JSPL to pay a compensation of Rs 5 lakh each to two workers who suffered burn injuries in the incident and observed that the company did not show the "concern" that was expected from a responsible business entity. The NGT had initiated suo-motu proceedings in the matter on the basis of a media report. According to police, the blast had occurred when the workers were cutting an old diesel tank with a gas cutter at a scrap yard. "The heirs of the deceased will be entitled to an amount of Rs 20 lakh each and the injured will be entitled to Rs 5 lakh each, payable by JSPL within a month. In default of payment, the district magistrate may take coercive measures for recovery, including ...

Siemens, JSL: 9 stocks in Nifty 500 top new highs despite sluggish mood

On Wednesday, shares of Cera Sanitaryware, Jindal Stainless, Siemens, and Triveni Turbine recorded new all-time highs, despite weak market

Jindal Steel Q3 results: Net profit drops 68% as export tax bites

The contribution of Jindal Steel's exports to its sales on a standalone basis fell to 5% in the quarter from 23% a year ago

JSPL acquires Monnet Power for Rs 410 cr through insolvency process

Monnet Power has a 1050 MW under-construction plant in Odisha's Angul

JSW Steel eyes 50 MT capacity by 2030 via greenfield, brownfield options

Jindal's growth plans are in sync with the country's target of doubling crude steel capacity to 300 mt of crude steel capacity in the next 9-10 years

India's bad bank NARCL offers Rs 228 cr for Mittal Corp debt held by PSBs

The NARCL will have the right to match any counteroffers, as the lenders have put the debt on the block

Jindal Stainless Ltd taking measures to reduce carbon emissions: MD

Jindal Stainless Limited (JSL) is taking a host of measures to reduce carbon emissions of its present and planned capacities, which includes setting up renewable energy capacities, Managing Director Abhyuday Jindal said. During FY22, JSL reduced its carbon emissions by 3,100 metric tonnes and initiated a switch from a thermal energy-intensive manufacturing setup to renewable energy alternatives such as solar and wind power, Jindal told PTI during an interaction. "Continuing forward, we are taking proactive steps to decarbonise and reduce carbon emissions of our present and planned capacities. The move is aimed to support the government's mission of carbon-neutrality," he said. In the renewable energy space, JSL is looking for partners to set up 300 MW solar and wind capacities in states like Odisha, Haryana and Rajasthan, Jindal said, adding that the talks with a few players are already underway. The investment will be through joint venture/ventures which will be formed post ...

Neelachal Ispat acquisition crucial for Tata Steel growth path: Official

The company plans to further expand it to 10 million tonnes per annum (MTPA) by around 2030, the official said.

JSPL may produce rail wheelsets; to set up manufacturing unit in Raigarh

The plant will have an initial capacity of producing 25,000 wheelsets per year

Metal stocks slide; Jindal Steel cracks over 17% amid export duties

Metal stocks faced heavy drubbing on Monday, with Jindal Steel & Power cracking over 17 per cent, after the government imposed export duties on steel-making raw materials. Shares of Jindal Steel tumbled 17.40 per cent, JSW Steel tanked 13.20 per cent and Tata Steel plunged 12.53 per cent on the BSE. Also, NMDC declined 12.44 per cent, SAIL (10.96 per cent), Hindalco Industries (3.65 per cent), APL Apollo Tubes (3.42 per cent) and Vedanta (2.77 per cent). The metal index also tanked 8.33 per cent to end at 17,655.22. Tata Steel was the biggest drag in the Sensex pack. "Volatility was hallmark of today's trade. Volatility struck benchmark Nifty as it was aiming to build on to morning gains. Blame it to Nifty metal index which dropped over 8 per cent after government hiked duty on steel products," said Prashanth Tapse, Vice President (Research), Mehta Equities Ltd. The government has waived customs duty on the import of some raw materials, including coking coal and ferronickel, used

MSCI rebalancing could see addition of three Indian stocks, two deletions

Tata Elxsi, Jindal Steel seen as inclusion candidates; move could see a churn of Rs 6,900 crore by funds tracking the index

Govt to finalise Pawan Hans sale Saturday, JSW among bidders: Report

The asset sale plan will help bridge the budget gap and meet spending targets as the economy faces fresh headwinds from the geopolitical tensions

ED raids JSPL offices over suspected violation of forex regulations: Report

NEW DELHI (Reuters) - India's federal financial crime fighting agency raided offices of Jindal Steel & Power Ltd (JSPL) in New Delhi on Thursday over suspected violation of foreign exchange regulations, a source familiar with the matter said.

Steel stocks in focus; SAIL gains 4%, Jindal Steel hits 52-week high

India's top steelmakers have increased rebar and HRC (Hot Rolled Coil) price by around Rs 1,500-Rs 2,000 a tonne due to rising raw material cost, reports suggest

In a position to recover cost increase in exports: JSPL's V R Sharma

"We are going to increase exports from 25 per cent to 35 per cent of production and even more if need be," said Sharma

DCM Shriram, Jindal Steel: Mehul Kothari's stock picks in this volatile mkt

Despite the market volatility, the stock of JINDAL STEEL has been doing really well recently

Sensex slides 366 pts, Nifty below 16,500; auto stocks bleed; IT dazzle

CLOSING BELL: Ultratech Cement, HDFC Life, Asian Paints, Shree Cement, Eicher Motors, SBI Life, and Tata Consumer Products were the top laggards, down up to 6.5 per cent

Stocks to Watch: Airtel, Vedanta, IRCTC, Bata, Jindal Steel, RITES, Power

3i Infotech, ACC, Aurobindo, Berger Paints, DCB Bank, GMR Infra, Indiabulls Housing, NDTV, Nykaa, Petronet, PowerGrid Corp, SAIL and Tata Power to report earnings today.

Sensex snaps 3-day losing run, ends 187 pts up; RIL gains 2%, PSBs shine

The 30-pack index was lifted by Tata Steel (up 3 per cent), RIL (up 2 per cent), Bajaj twins, and Asian Paints