Page 2 - Jindal Steel And Power

JSPL hits 52-week high as board approves divestment in Jindal Power

The equity value is an all-cash offer of Rs 3,015 crore, including 3,400 MW coal fired power plants in Chhattisgarh and other non-core assets owned by JPL

Stocks to watch: Ircon Int'l, Panacea Biotech, HDFC, JSPL, Burger King

Ircon International board approved the issue of bonus shares in the ratio of 1:1

Global price hikes strengthen steel manufacturers; sectoral m-cap up 43%

The top 13 iron and steel firms now have a combined m-cap of Rs 2.45 trillion, up from Rs 1.7 trillion at the beginning of October

Surprise amid pandemic: Firms across sectors beat Q2 earnings expectations

Most brokerages have revised upwards their earnings estimates, not only for FY21, but also for FY22

JSPL: Reduction in net debt expected to drive re-rating, say analysts

Rising volumes, expanded capacities, operating leverage, better realisation and debt reduction to aid earnings

Steelmakers' prospects receive a boost from improving China data

Encouraging economic data from China, rising demand and higher realisations improve earnings outlook

JSPL stock sheds 12% as Deutsche Bank files Suspicious Activity Reports

JSPL sent a total of $4.85 million in 2015 and a sum of $12.83 million in 2016

We aren't interested in spending outside the country: Jindal Steel MD

In a Q&A, V R Sharma says the Oman asset sale has helped ease the firm's balance sheet; the deal was part of a plan to prune the company's debt by about a third

JSPL starts supplying head hardened rails for Kolkata metro project

Jindal Steel and Power Ltd (JSPL) on Thursday said it has started supplying head hardened (HH) rail to Rail Vikas Nigam Ltd (RVNL) for the Kolkata Metro's Joka-Esplanade corridor.

Despite encouraging signs, steel makers not out of the woods yet

Anti-dumping duty on Galvalume steel is positive but more is required to boost the sector ailing under low demand and realisation

Amid coronavirus lockdown, steel demand pick-up off to a slow start

Construction activities have resumed, albeit in a staggered manner; in some pockets there is demand for yellow goods as well

Steel shares decline on weak demand outlook; JSPL tanks 10%, SAIL falls 4%

In the past two months, JSPL's stock has plunged 56 per cent, as compared to 25 per cent decline in the Nifty 50 index

JSPL's South African mining subsidiary posts cash profits in Sep quarter

The company has investment and business ventures in Mozambique, Namibia, Zambia, Tanzania and Madagascar as well

Prakash Industries emerges as highest bidder for Bhaskarpara coal block

Prakash Industries on Wednesday emerged as the highest bidder for Bhaskarpara coal block in Chhattisgarh, an official said. Birla Corporation had on Tuesday bagged the Brahmapuri mine in Madhya Pradesh, the official said quoting the results of e-auction for coal mines under the eight tranche. Jindal Steel and Power Ltd (JSPL) was the highest bidder for Gare Palma IV/1 coal block in Chhattisgarh with a bid price of Rs 230 per tonne on Monday. Birla Corporation Ltd bagged the Bikram coal block in Madhya Pradesh with a bid price of Rs 154 per tonne last week. Six mines are on offer. Auctions for four blocks have been completed, the official said. The bidding for Jagannathpur B block and Jamkhani block will take place on Thursday and Friday, respectively. Bhaskarpara coal block was previously allocated to Bhaskarpara Coal Company Ltd (BCCL) -- a joint venture of Electrotherm (India) Ltd and Ultratech Cement Ltd, while Brahmapuri mine was previously allocated to Pushp Steels & ...

Jindal Steel posts consolidated net loss of Rs 399.31 cr in Sep quarter

JSPL, on a consolidated level, produced 1.99 million tonnes of steel and related products and sold 1.82 million tonnes.

Gujarat NRE Coke promoter ineligible to negotiate with creditors: NCLAT

Allowing the appeal of Jindal Steel and Power, the National Company Law Appellate Tribunal (NCLAT) has held Arun Kumar Jagatramka, the promotor of Gujarat NRE Coke, not eligible to negotiate with the creditors of the debt-ridden company. A two-member bench of NCLAT headed by Chairperson Justice S J Mukhopadjaya said that as Jagatramka, who was ineligible to be a Resolution Applicant of the company under the Insolvency & Bankruptcy Code (IBC), cannot be allowed at this stage to negotiate with the creditors of Gujarat NRE Coke. Jindal Steel and Power, which is an unsecured creditor of Gujarat NRE Coke, had challenged an NCLT order that allowed the promoters to settle debts with its creditors. NCLT had given a go ahead to Jagatramka for "Financial Scheme of Compromise and Arrangement" with him and the company through its Liquidator, after holding the debts of shareholders, creditors etc. The appellate tribunal set aside the order passed on May 15, 2018, by the Kolkata bench of ...

Jindal Steel and Power appoints Vidya Ratan Sharma as new Managing Director

He has been appointed for a period of three years with effect from August 14, 2019

JSPL sells Botswana Coal Mine for $150 mn to pare debt at parent level

Firm has a total outstanding debt of Rs 40,000 crore as on March 2019

Nifty outlook and top stock picks by Angel Broking; Buy UBL, Jindal Steel

Stock calls and Outlook on Nifty by Mr. Sameet Chavan, Chief Analyst- Technical & Derivatives, Angel Broking Ltd

Rising steel volumes, improvement in power segment to aid JSPL's cash flows

Higher capacities may offset impact of volatility in prices