Page 2 - Jindal Steel And Power Limited

JSPL upgrades tracks with 5th generation auto tech for unmanned inspection

Aiming for production and inspection capacity of 1 million tonnes per annum

JSPL shareholders okay 96.42% stake sale in Jindal Power for Rs 7,401 cr

At the company's EGM held electronically on Friday, 97.12% of Jindal Steel shareholders via special resolution approved divestment of the firm's power business

Stocks to watch: Axis Bank, L&T, NHPC, Jindal Steel, Bank of Baroda

BSE has announced price band revision for seven companies including Exxaro Tiles and Kemistar Corporation effective today

Low base effect: JSPL reports 10-fold rise in profit to Rs 2.5K crore

Jindal Steel and Power Ltd (JSPL) on Tuesday said its consolidated net profit jumped over 10 times to Rs 2,516 crore during June 2021 quarter. The company's "net profit after tax from continuing operation" during the April-June 2020 quarter had stood at Rs 236 crore, JSPL said in a regulatory filing. Its total income in April-June 2021 also jumped to Rs 10,643.17 crore, from Rs 6,519.27 crore in the year-ago period. Total expenses stood at Rs 7,233.55 crore, compared with Rs 6,147.90 crore a year ago. Part of the O.P. Jindal Group, JSPL is an industrial powerhouse with a dominant presence in steel, power, mining and infrastructure sectors.

JSPL gets revised Rs 7,401-cr offer from Worldone for group's power unit

In April, JSPL divested 96.42 in JPL to Worldone for Rs 3,015 crore

Trading calls by Osho Krishan of Anand Rathi: Buy RBL Bank, MGL

MGL is on a secular bull run since the formation of its run-away gap and is now comfortably placed above all the major exponential moving averages on the daily time frame

JSPL steel production jumps 31% to 13.7 lakh tonnes during April and May

Jindal Steel and Power Ltd (JSPL) has reported 31 per cent year-on-year jump in its steel production to 13.71 lakh tonnes during April and May

Promoter company Worldone to acquire JSPL's thermal power business

Industry sources said the estimated deal size is close to Rs 12,000 crore, which includes Rs 6,500 crore debt, Rs 7,000 crore redeemable preference shares and Rs 3,015 crore equity infusion

Steel stocks hit fresh high on price hike, improvement in production

Stocks of all major steel producers hit a new one-year high with Tata Steel leading the pack

Nithia Capital, CarVal Investors complete purchase of two Uttam Group firms

Total consideration Rs 2,000 cr; companies were on RBI's second list of NPAs mandated for resolution under IBC

Jindal Steel and Power posts record sales, production numbers in December

Private steel maker Jindal Steel and Power Ltd (JSPL) on Monday posted a record 30 per cent jump in its standalone production and 25 per cent growth in sales during December 2020

ArcelorMittal, JSW Steel among six firms keen on buying Uttam Galva Steel

Uttam Galva's total admitted claims are Rs 9,070.66 crore, with ArcelorMittal having an 87 per cent voting share among financial creditors

Weekly stock picks by Religare Broking: Buy Bharat Forge, IndusInd Bank

Among the private banking names, IndusInd Bank has been trading in a congestion zone and its chart pattern is showing the potential of a breakout in near future

JSPL clocks highest-ever quarterly standalone sales of 1.93 mn tonnes in Q2

JSPL recorded 30% year-on-year growth in consolidated steel sales of 2.41 mn tonnes in the second quarter of current financial year as compared to 1.85 mn tonnes in Q2 FY20

JSPL back in the black; posts net profit of Rs 267 cr 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

Install washeries at all coal mines to provide affordable fuel, says JSPL

Washing coal increases the efficiency and quality of the dry fuel.

JSPL beats the trend, reports 12% rise in Q1 Steel Sales amid Covid-19

Jindal Steel & Power Limited (JSPL) has beaten the trend reporting healthy growth in production and sales volume during April-June quarter in the midst economic crisis triggered by coronavirus pandemic.

Jindal Steel dips 3.5% after JSPML agrees to sell full stake in Oman plant

The enterprise value of the deal is over $1 billion and Alpen Capital, a West Asia-based investment bank was appointed to run the sale process, which received competitive offers from multiple interest

Blast at JSPL's Raigarh plant kills two workers, two others injured

The accident took place on Wednesday when four contractual workers were cutting the diesel tank of an abandoned bus parked in JSPL's scrap yard in Patralapali village

JSPL's all-round beat in Q4 leaves investors happy; stock rises over 13%

Operational performance is expected to remain good, and volume growth guidance too bodes well